Garmin – a “Hot” Commodity
Posted on Saturday, March 29th, 2008 | In Stocks to WatchSo I have to say that I am disappointed because the Garmin (GRMN) GPS system that I received as a gift was just stolen. The device was left in the center compartment of our car but and it was still managed to end up in the hands of someone else. Looking back, I never got in the habit of taking the mount off my windshield, advertising that I used a GPS or a satellite radio.
As I research how many devices have been stolen, I am learning that thefts of GPS devices are on the rise and now I belong to this club. Here are some web articles that I came across:
Boston.com Article
Post-Gazette Article
As mentioned in the Boston.com article, I am struggling with the decision of buying another portable GPS device…I have to admit that I really enjoyed have GPS for the three months, but I am not sure if I want to deal with the hassle of constantly hiding or removing the device from my vehicle….With the prices ranging from $100-$500 and up, I see that as a car payment. My initial inclination is that I should save this amount for the purchase of my next car, which I will pay to have a factory installed GPS system…
This experience/post is inspiring a stock research post on Garmin (GRMN).
Author Disclosure: I do not own any shares of Garmin Ltd.
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 About David Aferiat (http://www.trade-ideas.com/)
David brings more than 11 years of experience in trading, consulting, software, utilities, capital markets, and consumer product industries. Working with senior officers and key decision makers in the board room, finance, HR, marketing and trading functions, he has advised both public and privately held companies with revenues ranging from $20 million to $14 billion. Work at Trade-Ideas taps experience in business development, customer acquisition and retention, corporate strategy as well as energy trading and marketing. David holds dual Bachelor of Arts degrees in Economics and French from the University of Texas at Austin and a Masters of Business Administration degree from the Cox School of Business at Southern Methodist University. In four years Trade Ideas has grown to over 35,000 accounts in 19 different countries. Hedge funds, Asset Managers, Institutions, Online Brokers, and direct access traders use the software as a premier idea generation, risk management, and decision support tool. |
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