Insider sales for Garmin are non-existent when compared to other companies.
These 2 guys own nearly half of an $11 billion company. They have a stock that has averaged a 100% return per year and they have taken nothing from it. Gary (the 'Gar' in Garmin) was paid $185k last year with no stock options! The 'min' in Garmin made a whopping $250k last year (with no stock options).
Look at the NVT CEO....he pays himself 5X what the Garmin CEO made AND rewarded himself with $10,000,000 in stock options last year.
They are selling a very small fraction of their shares that could be absurbed in one day, much less a year. They deserve it.....I think they should sell more!
T2 executives sold 14 million shares in ONE MONTH!!!
So put it to rest!
I am pulling this up for the new fool on board. The one who needs to learn the defenition of a 'parts supplier'........and also needs to learn the importance of 'cash paid for acqusition' and 'accredative to earnings'.
Good move. The bid is up to 57.10 right now pre-market. 1500 shares also which is pretty rare. I don't like gapping but with 2000 shares and 40 May 45's I'll take any advance. This will touch the old high before ER day.
I placed sell orders last night to do alittle trading
on Garmin but cancelled them this morning because half
of the fall has already occurred.
I also have a small buy order for CHK and NEW.
This market is performing exactly as I expected two weeks
ago, although last week threw me off because the value
stocks kept falling.
I believe this market will sell growth stocks and buy
value stocks. Ironically, Garmin is both and at some
point (I believe $50) the selling will stop.
I beg to differ...I think they can safelty be ignored when they are sigbificantly less than 1 % of holdings.
These guys are still owners of the company and their interests are still aligned with the stockholders as long as they are owners, not simply employees.
Have to agree with stealth.
If you believe insider trading is an indicator, buy an ETF that focuses on insider trading. The crap on declining margins is equally stupid. Of course Garmin's margins are going to decline over time . It's a great business and the competition is going to get stiffer. Garmin's market share is going to decline for sure. The cell phone/ blackberry threat isn't going to go away.
At some point you just have to have faith that Garmin's management is up to the task. Nothing they have done so far would lead me to believe they are not. The opportunities for GPS applications that apply to the various market niches has just scraped the surface. Right now it would seem to make a lot of sense to buy the market leader.
To back up this argument, compare the number of shares sold by CRM executives over the last year.
By definition they have a money printing machine over there at CRM. Shares sold by Garmin executives up to this point in time are negligible