The 2010 Investment U Conference is underway! And even if you couldn't make it, now you can "bring home" more than 30 breakthrough presentations from the conference... Order the Deluxe MP3/Video Library for $99 to listen and view on your computer, or the Premier CD plus MP3/Video Library for $149 to listen to and view anywhere.
Garmin Ltd. (Nasdaq: GRMN): Stock of the Day
by Katharine Schildt, Assistant Editor, The Oxford Club
Navigation devices have become increasingly popular over the years, and the leader in the United States is Garmin Ltd. (Nasdaq: GRMN).
Shares of Garmin Ltd., headquartered in Olathe, KS, soared 17% this morning from Friday’s close, giving hope to a company that has been struggling over past few months.
Its biggest issue recently has been inventory, but it was able to reduce that by $274 million in the quarter.
“It’s a sign that they may not have to price as aggressively to move the inventory in a slower economic environment,” John Bright said, analyst for Avondale Partners LLC.
Despite poor fourth-quarter results, analysts are focusing on the past year and the coming months. Garmin’s total unit shipments increased, up 15%, sales rose 10% to $3.49 billion and its outdoor and fitness sales are up 26%.
Marketwatch reported, “CEO Min Kao said Garmin experienced ‘a challenging economic environment’ but inventory reductions and Garmin’s margins for the quarter helped the company’s unit-sales increase and keep business relatively stable.”
“We continue to experience unit growth in both the North American and Asia-Pacific regions in the fourth quarter and were pleased with our market-share gains around the globe,” Kao said.
“We recognize that 2009 is going to be a difficult year and we are prepared to manage our business accordingly. While economic conditions are very challenging and are affecting most of our markets, we continue to see opportunities to invest selectively and grow our business through new product development and market share gains.”
It is also “evaluating adjustments” in order to “increase cost efficiency and match operations to market demand over the near to immediate term.”
Garmin is launching its first navigation-centric cell phones (the G60 and the M20) in select markets during the first half of this year.
Analysts seemed to have been waiting to pass judgment on this company, but with new products on the horizon, and an obvious demand for its products, Garmin’s future is looking much brighter.
- Danger! Three Stocks to Avoid in 2010
- Buffalo Wild Wings (Nasdaq: BWLD): Stock of the Day
- GPS Killer: Google Rules Another Roost
|
The Company Set to Dominate a $60 Billion-a-Year Market
$60 billion is spent on cancer treatment in the U.S. - each year. And one company is poised to receive the lion's share of it.
The medical director at the Alta Bates Comprehensive Cancer Center says, "...possibly a third of our cancer patient population will soon be undergoing this [company's] treatment."
Another doctor at the University of Texas MD Anderson Cancer Center says he intends to treat over 1,000 patients a year with this technology.
Here's how you can claim your stake in the company before this cash infusion sends shares soaring.
2 Responses to “Garmin Ltd. (Nasdaq: GRMN): Stock of the Day”
Comments
**By submitting your comment you agree to adhere to our Comment Policy and Privacy Policy.Check out our selection of daily Investment Research:
 |
 |
Investment U RSS Feed
December 10th, 2009 at 5:47 pm
Can you supply me the name of the company that is going to release the new (Cancer/Terorist) products and their stock symbel?
Reply
Investment U Reply:
December 14th, 2009 at 10:28 am
Mr. Falk,
The story you’re referring to is one of our promotions for the Oxford Club, which follows 5 different portfolios geared towards different investment styles and techniques. You do have to pay to get access to all of those reccomendations, though it is only $79 to sign up for the first year. Also, while you do have to pay upfront in order to see the information, you do have a trial period where you can decide whether or not membership to the Oxford Club is right for you. If you think otherwise before the end of your first month, you can contact us for a full refund.
Thank you,
Investment U
Reply