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Technology Stocks : Garmin GRMN -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (87)	3/13/2012 2:55:11 AM
From: armi	Respond to 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?