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Garmin Ltd. (GRMN) Message Board

  • steveredlish steveredlish Apr 29, 2008 7:04 PM Flag

    Non Event

    Sad but it doesn't really matter what Garmin reports tomorrow - unless it is less than street estimates. The GPS sector is wallowing in projections for PND sales and margins. There is no disagreement about slower growth and smaller margins. The only differences of opinion are how soon and how much.

    The question for investors is "how will GPS technology change how we do things over the next decade?. I don't know. I am holding Garmin because I think they are focused as much on 2012 as they are on 4/30/08.

    I remember when UPC labels were thought to have benefits to grocers but not much else. Not sure what has hapened to all the hype for RFID but - what is it? and where is it ? is a huge industry. whatever the next major play Gatrmin will be part of it.

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    • "The GPS sector is wallowing in projections for PND sales and margins. There is no disagreement about slower growth and smaller margins."

      I hate to be contrary, but didn't the CEO of T2 just say today that he thinks ASP and margin compression is a very temporary phenomenon, so I wouldn't say there is "no disagreement" about margins. (Note this is also consistent with what T2's earnings release said about margins.)

      As for growth, I will concede "slower" but slower compared to an extremely fast reference point, and slower may still be very, very fast for a stock with a TTM P/E under 12.

      • 1 Reply to njtaxmanjr
      • I wouldn't rely mcuh on what T^2 says about margins. Seems like they have a serious problem with the 4th quarter pig being swallowed by the python. The point is if you think the street underestimates the growth potential in PNDs as we know them, it doesn't matter. The big boys will just say they we missed it by a quarter. What we need is a view that Garmin is more than a chevy, ford or toyota add-on.

 
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