I agree. Garmin is so out of favor a great first quarter is going to be viewed as a one time anomoly. the street is convinced future GPS applications will most likely be delivered by products from RIMM, APPL, GOOG, VZ, T and others. For some reason they think this is playground stuff that anyone can give away for free.
It takes a lot of courage to bet against the "experts". Buy the best of the best. buy value. Buy Garmin - maybe even in the 30's. If you need a knife you have to grab it even if it is not handle first.