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Garmin Ltd. Message Board

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  • steveredlish steveredlish Jan 3, 2007 6:27 PM Flag

    Todays Market

    You are way out of my league in terms of short term trading.
    Consequently, I would be really interested in your thoughts
    about what happened each "strange" day in the market. Maybe you could start a new topic some days with your thoughts on todays trading -just in general.

    For the rest of you Garmin believers. I would like to hear your thoughts about other companies you really like. I know it is important to keep this as a Garmin board but some of my best and worst buys have come from people that for whatever perverse reason seem to look for the kinds of companys I look for. ( I know never end a sentance with a preposition)

    Don't want to screw up this really informative board but if we could segregate the other stock ideas maybe it could work.

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    • I don't know of any other companies like Garmin: high, nay, explosive growth, good margins, good management, somewhat of a moat, innovative, expanding market. If you find one let me know.

      I do know of a few decent but undervalued companies.

      Devon Energy, North American reserves of oil and gas make them worth around $100/share, and that's with oil at $60/bbl. Do you really think oil will stay below $60? Do you really think warm winters are a thing of the past? Do you think peace in the Middle East is upon us? If so, skip this one.

      eBay, in transition from growth to value stock, deeply unpopular but has a wide moat and great free cash flow. Buyers go where the sellers are, and sellers go where the buyers are. It's called the network effect. I figure it is worth around $45/share, with a moderate growth rate in the next few years.

      UPS, people are undervaluing its efficient distribution system and good returns on capital. All the transports are suffering now. Do you really think decent GNP growth is a thing of the past, and that we don't need to ship as many packages anymore? Sure, it's not growing like Fedex, but just compare their ROICs. Fedex's high growth rate is already factored into the stock price.

    • Steve, I believe that what you are asking for already happens. There has been a lot of talk about other companies on this board lately. You will usually find them with a heading such as "SNDK (OT)".

      I personally appreciate the OT moniker in the heading so that if I am in a hurry to scan the latest GRMN posts I can easily skip an off topic post.


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