What product does Garmin offer that isn't being effectively competed against? Their current track is the same one of the yellow pages 10 years ago. They are worthless, but it will take about a decade for the market to figure it out.
company sells the best GPS devices i have ever had wish I could say that about their stock price recently... Too much competition, they may still offer superior products but in a time of little money to spend on extras. People don't want to spend hundreds on a high tech blue tooth, talking GPS.... Defintely either a speculative stock or if you really want to lose money.... Wait till it bottoms even further then buy maybe closer to christmas.....
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 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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Garmin has fallen from well over $100 to the low $20s in the past year, so even though the company's forecast was not too hot, the stock probably didn't deserver to be punished further. If you think that the stock won't fall by too much in t...
Garmin(GRMN) posted third quarter revenue of $870 million and diluted earnings of 82 cents a share, below the Street at $865.6 million and 84 cents. The company said profits were reduced by 5 cents a share by foreign exchange factors.
For the full year, the GPS device maker now sees revenue of $3.6 billion and profits of $3.78 a share, below the Street consensus of $3.81 billion and $3.89. The company’s previous guidance was for $3.98 billion and $3.86 a share.
Garmin said it is scaling back operations to better match current business conditions, and adjusting inventory planning to reduce in
Has Garmin run its course?
- Garmin's had an incredible run this year, especially when you factor in the commodity pricing and competition in this industry. However, they could ea
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About Garmin Ltd
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