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Since my June options expired, I haven't taken any more positions in TRMB. I've just been watching from the sidelines mostly, as TRMB floundered along in the teens. I must say, TRMB up until now has been one of the biggest disappointments in the whole market. Investors who have been wowed by the potential of GPS, and aware of TRMB's position to take a large market share, have basically watched their investment wither and decay. At the same time TRMB has been punished repeatedly for the fact that GPS devices haven't entered mainstream America, companies that deal in areas that likewise fail to demonstrate consistent profit potential have flown through the roof (Y2K, internets). On the bright side, TRMB has at least not been the lagger in its field: the whole sector is depressed. If you still think GPS devices will become pervasive in the coming years, TRMB, MOT, etc. are great buys after taking such a beating. |
