What happened to Garmin stock (GRMN) and what can I learn from that February 10, 2010Posted by deminvest in GRMN Garmin Stock, nasdaq, Nasdaq stock.
Tags: maps, navigator, smartphones
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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?
GRMN Garmin leader in GPS positioning cheap and growing. August 17, 2006Posted by deminvest in GRMN Garmin Stock, growth stock, Single stocks, stock I own, stocks.
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.
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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