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Hmmm... underlying fundamentals largely unaffected, projecting respectable profit growth for next year, and a 50% discount to earlier prices. It looks like this stock has finally returned to it's longer term growth rate, with significant upside potential, as evidenced by the spike last year. Might be worth a few bucks of your riskier money.
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guliamo
Jan 30 at 2:30 ET
I'm totally on board on this one, bought GRMN a few days ago.. My logic is simple - if a companies sales are rising and their product popular, how can they drop 60% in value over 3 months?
Garmin are also US based so pay salaries in dollars but make most of their money in Euros so it's a nice dollar hedge as well.