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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | |
|---|---|---|---|---|---|---|---|
| GRMN | Aerospace | -65.22% |
|
5 | 26-Nov-08 | Currently Holding |
06-Jun-08
Garmin Looking Even Better Now
Holding Rationale for GRMN.
I agree that fundamentally Garmin is struggling a bit with pricing pressure cutting into it's margins, but at current prices it looks like a bargain - 13x trailing PE / 10x forward PE. Not so long ago GRMN was trading in the 20 and 30x PE range.
I believe that GPS prices will follow the trend of digital camera's and after a sharp decline, prices should stabilize.
There has been a nice uptrend recently and it should continue after the company approved a 10M share repurchase plan (the 5M plan announced in Feb. was recently completed) and an annual cash dividend of 75c a share.
I've already established my position, but today is an even better buying opportunity.
Tagged Stocks: GRMN
Posted at 12:37 in Holding Rationales | Permalink | Comments () | Top
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