Top 1%
Garmin has tumbled from 120 to 65 in just over 3 months.
I understand GPS sales might slow down next Christmas because there might be a recession. Still, this is front end technology. Not so fast will 1 billion Americans and europians stop buying these GPS gadgets. Frankly, I can't see a car being sold in 5 years without a built in GPS navigation system. Garmin are currently the world leaders in manufacturing these devices and even if they eventually loose market share, there is still so much growth that revenues will keep racking up and create value for investors.
This post is more than 60 days old. Replying to it might be confusing for other members reading the discussion.
By all means, keep the ball rolling and post a new opinion.
Top 76%
tamirkoch
Jan 18 at 12:35 ET
THere's no doubt about the future of GPS (it's going to huge), the question is: is it going to be Garmin??
Top 1%
guliamo
Jan 18 at 9:56 ET
I think you are absolutely right. However, long term, a company's value is determined by it's revenue and profits. Lets sya Garmin looses market share over the next 3 years from 50% to 25%.... that could be, but i think the GPS market itself will grow 10 fold in that period of time and everyone in that sector will go huge. Now, I could have bought TomTom - Garmins rivals.. but that's a europian company paying salaries in Euro.. where as Garmin is Kansas City based with a huge export factor in their sales. So I'm riding this money trian for now and hope Garmin will hold out over the competition. Happy investing..