Garmin Ltd. (GRMN) Message Board

edison20 12 posts  |  Last Activity: May 7, 2013 8:29 AM Member since: Jun 5, 1998
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  • Reply to

    MUTUAL ASSURED EQUITIES(OT)

    by captainbaldo May 4, 2013 8:51 AM
    edison20 edison20 May 7, 2013 8:29 AM Flag

    The housing bubble has restarted. Is gold headed up to $1900 or down to $950?
    I am in a hedge fund that uses gold and European junk bonds.
    Its paid 10%/year for 3 years. But if interest rates go up, we are all doomed (stocks included).

    Sentiment: Strong Sell

  • edison20 by edison20 May 7, 2013 8:14 AM Flag

    You bears have no idea how painful this has been.
    Intrinsic value is probably $12 less $3 dividend = $9 and even at $9 I am no where near getting my money back.
    Their business model is sound and the entire telephone network is moving to VOIP.
    Heck, there's nothing stopping a major corporation from buying interconnect service directly from
    IQNT and cutting the telephone company completely out.

  • Reply to

    Clinton Proxy

    by jennfrc2007 Apr 9, 2013 2:15 PM
    edison20 edison20 Apr 30, 2013 11:32 PM Flag

    With the Tinet sale, isn't IQNT immediately profitable?

    Sentiment: Strong Buy

  • Reply to

    NEW TOPIC(OT)

    by captainbaldo Apr 12, 2013 2:38 PM
    edison20 edison20 Apr 12, 2013 11:12 PM Flag

    I am redoing my kitchen and bought a sink on Amazon.
    Got an email from Amazon that said my sink had shipped.
    After reading it out load, I cracked up.

    Sentiment: Strong Sell

  • Reply to

    Ponzi Scheme

    by jones.jay Mar 8, 2013 7:42 PM
    edison20 edison20 Mar 8, 2013 11:18 PM Flag

    Hi techstrategy.
    What an upside down market, huh?
    Looks like baby boomers had a good year and are throwing their tax refunds into retirement accounts and then buying equity funds.
    We all know how well momentum investing works.
    Come April 15, this bubble will bust, if not sooner.
    In the mean time, I am just sitting in cash and watching bear oriented mutual funds.
    Cuo.

    Sentiment: Strong Sell

  • Reply to

    2013 EBITDA

    by jennfrc2007 Mar 7, 2013 11:31 AM
    edison20 edison20 Mar 8, 2013 11:09 PM Flag

    The earnings call was a sham. General council presented earnings and one broker asked some pre-planned questions.
    General council said something about changing IQNT's accounting method, causing some accounts to look better and others worse than previously thought.
    The big question is, is the huge loss due to good will write down a one time event or is there more bad news.
    If its just a one time event, this should be a $15 stock.

    Sentiment: Strong Sell

  • Reply to

    END OF DAYS(OT)

    by captainbaldo Mar 6, 2013 4:26 PM
    edison20 edison20 Mar 7, 2013 11:12 PM Flag

    Yahoo will be shutting down the message board website (hobbies, fan clubs). I don't think that includes messages on the financial website. If it does, Yahoo is making a big mistake.

    Sentiment: Strong Sell

  • Reply to

    APPLE(OT)

    by captainbaldo Mar 1, 2013 5:19 PM
    edison20 edison20 Mar 2, 2013 11:08 AM Flag

    Continued: the stock market appears to be going up because baby boomers are getting huge tax refunds and plowing it into mutual funds. Comes April 15 the music stocks. Anyone have a suggestion on how to play the fall? I have not done well buying long term puts and the bear funds continue to loss money.

  • Reply to

    APPLE(OT)

    by captainbaldo Mar 1, 2013 5:19 PM
    edison20 edison20 Mar 2, 2013 11:03 AM Flag

    Captain: seriously, the current deficit is caused by the recession. 90% of the voters never took Economics 101 which emphasized the difference between public and private sectors. I have had people seriously tell me that government never created any real jobs, that they merely redistribute income.

  • Reply to

    These boards are going away

    by rosierosie1010 Mar 2, 2013 9:30 AM
    edison20 edison20 Mar 2, 2013 10:31 AM Flag

    Its not clear whether messages website includes financial messages.

    Sentiment: Strong Sell

  • I didn't realize until now that if I reported more than $78K income I have to pay 15% tax on the $3 one time dividend. I have a huge paper loss on the stock. What was the point of paying the dividend?

  • Reply to

    #$%$(OT)

    by captainbaldo Feb 25, 2013 1:23 PM
    edison20 edison20 Feb 28, 2013 8:07 AM Flag

    Cnessna: In 2010 I bought I bought IQNT @ $25 and vowed to never sell it.
    Its currently at $3 and to add injury to insult, paid a one time $3 dividend.
    At the time they paid the dividend I didn't realize I have to pay 15% tax on the dividend because I never made err reported more than $78800 before.
    Now Yahoo wants me to actually come to work.
    I told them my EV (Electric Vehicle) won't make it that far but they figured out that I could take a train.
    By the way, how do like the new message boards? That was my idea.

    Sentiment: Strong Sell

GRMN
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