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What happened to Garmin stock (GRMN) and what can I learn from that February 10, 2010

Posted by deminvest in GRMN Garmin Stock, nasdaq, Nasdaq stock.
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Some time ago Garming was a powerful fast growing company. On August 17 2006 I decided not to buy Garmin (GRMN) shares because I felt GPS service would become a commodity offered in any smartphone.

Now I wonder: Was i right?

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GRMN Garmin leader in GPS positioning cheap and growing. August 17, 2006

Posted by deminvest in GRMN Garmin Stock, growth stock, Single stocks, stock I own, stocks.
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GRMN is the leading maker of global positioning systems [GPS]. A GPS is something mounted on fancy cars of rich people (affluent they say…) who cannot find their way and on boat of any kind.

[ PLEASE READ COMMENTS TO THIS ARTICLE! ]

GARMIN is growing amazingly fast:

Qtrly Revenue Growth (yoy):63.50%

Qtrly Earnings Growth (yoy):66.20%

It is getting cheap: Forward P/E 2007:10.29

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