Garmin Ltd  (GRMN)     Rate GRMN  -  Discuss GRMN  -  Add to Watch List        

Garmin (NasdaqGS: GRMN), whose shares closed at a 52-week low of $35.19, is now on the verge of being one of the top value plays on the market today. Investors hammered Garmin in response to lowered guidance and a delay of its new smartphone, dubbed “nuvifone.” Was this response an over-reaction?

Garmin (GRMN) hit a new 52-week low after indicating its much anticipated new product, Nuvifone, would be delayed. GRMN has aviation, marine, and automobile divisions, and all are affected by the increased price of oil. In addition, GRMN has formidable competition from TomTom and Magellan. According to Yahoo Finance, about 18% of GRMN's float is being sold short, so there are plenty of people who dislike this stock. At these prices, however, I consider GRMN to be a long-term value play. I bought shares at 36.06 dollars and may average down if shares continue to go lower.

Eric Savitz's Tech T

Shares of Garmin (GRMN) are plummeting 22% to $35 and change, which is a new 52-week low today after it cut its full-year sales and earnings outlook due to poor growth in its navigation market. It also delayed the launch of its smartphone. The company said that consumers are being more cost-conscious that it thought.

For the full year, the company is now projecting profits of $4.13 a share on sales of $3.9 billion. It previously expected profit to exceed $4.40 a share on revenue of more than $4.5 billion. Analysts were expecting earnings of $4.03 on sales of $4.13 billion.

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GRMN MACD is showing a strong bullish signal two ways:. 1. It is above the signal line, 9day moving average. 2. MACD is above 0 which implies that the underlying moving averages are trending higher.

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Filed under: International markets, China, Newsletters, Stocks to Buy, Garmin Ltd (GRMN)

"What's so special about the new Nuvifone from Garmin Ltd. (NASDAQ: GRMN)?" asks global expert Tony Sagami. In his The Asia Stock Alert takes a look at the new high tech device.

'The tech world has been waiting for the one of the more natural technological marriages to happen. I'm talking about merging the useful functionality of hand-held GPS devices with the mobile phone.

"Along with that anticipation has been the speculation of which cell phone maker Garmin would team up. The mystery is over! Instead o

Stocks discussed in the lightning round session of Jim Cramer�s Mad Money TV program, Wednesday June 18. <!----> <!---->

Bullish calls:

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Praxair (PX): "The gas business is on fire. These are stocks we've been recommending for multiple years. I reiterate my buys on Airgas (ARG), Air Products and Chemicals (APD) and Praxair."

YRC Worldwide (YRCW): "I think it's fin

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.  Dec

Filed under: Google (GOOG), Apple Inc (AAPL), Berkshire Hathaway (BRK.A), Bargain stocks, Stocks to Sell, Garmin Ltd (GRMN)