Opinion on  Garmin Ltd (GRMN)     Sector: Technology  >  Industry: Communications Equipment
Beaten Down Garmin Undervalued Opportunity

GRMN is significantly undervalued considering their Return on Capital, Equity, EPS, Sales, & Cashflow Growth Rates.  The Stock Price is at a 2 year low after huge selling that occured within the last 6 months.  P/E is less than 12 compared to an average P/E of 20 over the past 10 years.  GRMN slightly missed earnings last quarter setting the stage for a nice runup next quarter if they meet or beat expectations which they should as they have confirmed 2008 EPS guidance.  The Board of Directors has also approved buying back company shares at their discretion of up to ten million shares.  December 2008 Dividend has been announced.  GRMN continues to acquire worldwide distributors solidifying their vertical distribution chain.