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Opinion on  Garmin Ltd (GRMN)     Sector: Technology  >  Industry: Communications Equipment
Slammed-Bears Right Short Term...

Jul 30, 2008 02:20 PM UTC
Return Risk
-15.04% LOW
Analyst

Recent News  

With outlook cut, although they have 50% US Market Share, and now delaying nuvi until 2009, although they have 29%+/- revenue growth - I was WRONG short term. If they resolve the internal issues & the new product launches without add'l. delays, it should be a winner long term. They need lots of time for now... downgrade for short term. I got stung.


GRMN:  This call was made on 07/30/08 @ $40.5
Rating:   Neutral/Hold   $40.5 (07/30/08)
Gain/Loss:   -49.09% in 162 days
Target:   $44.00 (+8.64%) in Three months


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pearl4u713 previously rated GRMN
Positive +0.00% Garmin undervalued...MACD shows change coming
07/29/2008
6
Positive +0.00% 100% Fibonacci projection shows near term just above $50
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