Garmin GRMN Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Garmin GRMN

GRMN 213.62

-0.6%

1:12 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sr K who wrote (87)	3/13/2012 2:55:11 AM
From: armi	of 99

I see a kodak/palm moment here. Keep in mind their outdoor/fitness only makes up for 0.5/9B of revenue. Also automotive/mobile makes up for 48% of their gross profit & 30% of their operating income. Company is selling for 9B and does 0.5B profit. 18x P/E. Quick 'n dirty EV/EBITDA is roughly 14x. Valuation isn't cheap. Lets look at competitive advantages: none.They do have their know-how but it can be duplicated by anyone. Also, refer to previous post about GPS. Also, android is raiding this market too. This technology is definitely worth something but I don't think anyone would pay a fair price for it. Bad business, not that good of a price, what's there to like?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next