Quote:
Originally Posted by Coach
Would like to know how the outlook would look for Garmin (GRMN)
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well heres my two cents..
#1 YoY they've had roughly an 80% increase in NET INCOME.
#2 looking at there books tells me to that there spending a lot of monies (investing and taking on some debt)
both of those to me look very promising as i understand that companies need to spend money to make it and money sitting around the house wont grow. Also we all noticed that Garmin is doing some serious adding on to there current location (assuming you drive in Olathe)
#3 given the state of the economy and auto sales i view GPS as a "want" and not a "need" i think this year to say the least will be lack luster as they continue to skid towards a 52 week low....
short term investment for GRMN = BAD as i dont think theyve bottomed out just yet.
long term (depending on when we hit trough in the comming recession...) = GREAT
grmn has been a strong company almost like clockwork however stagflation begins to take it toal.
p.s. yes i understand that theres way more involved in picking stocks then the above mentioned items....however im not into investing and can only offer what i know from work/life/class experience. also its midnight and im f'n tired so forgive my lazyness
