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Technology Stocks : NVT - Source of GPS Software, Data, and Maps
NVT 109.46-2.7%12:10 PM EST

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To: EdR who wrote (4)2/8/2006 7:06:41 PM
From: tech101  Read Replies (1) of 211
 
Even Garmin - the largest GPS maker facing tens competitors and inevitablly dropping profit margin - comes with a PE and Price/Revenue ratio 24 and 7 - even higher than NVT.

The price of a Garmin Nuvi will go down to $300-400 from $800 in 12-24 month. By contrast, an upgrade MAP for Garmin iQue 3600 costs $75 now and the map's profit margin will not change a lot with time.

What should we own?
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