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Garmin Ltd. (GRMN)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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329 reactions on $GRMN conversation
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Most retail investors are unaware of Garmin. Average volume is only 750,000 shares, which makes them a hidden treasure in my opinion. I started buying Garmin in the mid 90's and have never sold a share. I suspect some day they will be acquired, but it would be at a huge premium. Their brand is one of the most recognized in the world and their balance sheet is second to none.
Trailing twelve months: $5.17/share in earnings, $9.64/share in cash, $2.68/share in dividend... and growth continues to accelerate...
Total revenue of $1.07 billion, a 25% increase
Gross margin improved to 59.8%
Operating margin improved to 23.3%
Operating income of $250 million, a 41% increase
Garmin always under promises and over delivers. Garmin is a buy on any pullback.
TOYOTA MOTORS BULL
Bought a second garmin smart watch the other day, vivoactive 3, great fitness watch. I also have the approach s60 for golfing. Decided I should invest just because I love their wearable gear so much. The rest of the business is so rock solid and I love the dividend. Will likely invest more. Great company.
My favorite stock. Not the no hype no crazy. Just good old 'doin' it right'.
Why is the stock down 17% after hours today? Don't see any news... earnings were solid.
I saw that too - couldn't believe it. Hoping it was a glitch, otherwise I'm buying a put option tomorrow morning at the open LOL!
Seriously though it looks like it corrected, now showing up slightly
GRMN is my favorite stock
Announcements like this totally impress me, "Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), alongside Tacx®, today announced sponsorship of more than 20 professional cycling teams and hundreds of professional runners, cyclists and triathletes for 2021."
Very long GRMN!
20pe (ttm) is the entry point imo
GRMN is doing better then I thought it would, earnings was good but not good enough to support the SP at these levels.
I saw it was down today and wanted to buy a few hundred more shares. Maybe in the morning I'll get another chance.
A pullback on better than expected earnings is often a good time to buy. What intrigues me is that they increased the dividend by a healthy 10%. Until now, Garmin had not had a dividend increase in years. I very much doubt they would do this, if they weren't expecting sufficient earnings in the future.
Hard to understand why Garmin is down 2% today after posting excellent 4th qtr
numbers and increased in all areas for end of year. Guidance for 2021 is looking
even better...so why is the market punishing Garmin???
Buying a Garmin for my boat with the money I made from GRMN stock, but think the stock is getting expensive.
As we all know, Garmin reports Wednesday morning. At an amazing level, this is a very steady growth company with a beautiful balance sheet but from quarter to quarter can be subject to cyclic forces.
Watch the watch business! Garmin continues to prioritize this known growth business, which should stress out the Fitbit investors; there isn't room for three players here. Apple needs to look over their shoulders too, as there is little or no real IP barrier to keep Garmin out of the med biz.
The aviation business is gaining altitude with what I perceive as Garmin's improved targeting of different sectors of aviation by having high margin offerings for cabin class aircraft flown by paid professional crews, while staying competitive in the tough but large general aviation sector. The earnings call will no doubt mention their large volume of customers performing FAA mandated ADS-B upgrades. Unlike low end ADS-B competitors, I expect Garmin customers to be taking the opportunity to upgrade other areas of their panel while they are at it; That new GTX-345 will go nicely with GTN-650 or 750 which represents a damn nice up-sell.
Smooth sailing with the marine products, but this is a tough business with legacy players being kept honest by Garmin. Simrad, RayMarine etc have responsible answers to Garmin's fine marine products.
I anxiously await Wednesday early AM, and will look forward to a recording of the earnings call. For shareholders, any market response is a high quality problem; I would like to accumulate more if possible.
Where's the love? Debt-free, growth, value, and income. GRMN is a solid (long) presence in my portfolio...
Is that really how little debt they have? I'm from KC and I didn't even realize that. That is almost unheard of. Great position going forward for long term survival.
Target Raised by Deutsche Bank Hold USD 120 » USD 130
Target Raised by Credit Suisse Neutral USD 107 » USD 129
Just a predividend move or signs of stronger?
As usual, Garmin crushes estimates, raises guidance, and the stock is selling off on a strong market day. Should be back up to 90, where it was a few months ago. Some stocks like this just get no market respect. Probably didn’t like the limited growth in outdoor.
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