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Garmin Navigating Downturn Posted Wed Dec 17, 01:45 pm ET Posted By: Ken Nagy, CFA Garmin Ltd. (GRMN) is an OEM [original equipment manufacturer] of GPS-based equipment. September quarter results were in-line with the consensus on both the top and bottom lines. All segments were up double-digits in 2007, and are expected to be up again in 2008. We note that pricing pressures continue to intensify, negating some of the growth in units. Management is optimistic about material prices offsetting ASP pressures in 2008. We see declining profitability for the company. However, the shares appear cheap, given the current valuation. Consequently, we are reiterating our Buy rating on GRMN shares. |
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| aus der Diskussion: | Warum interessiert sich hier niemand für GARMIN ?? |
| Autor (Datum des Eintrages): | meinolf67 (18.12.08 09:47:19) |
| Beitrag: | 59 von 95 (ID:36228066) |
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