At $35, Google Finance puts the Garmin PE at ~8.5. That’s just too low for a company with 25% annual growth.
I made some money riding this stock from about $45 to $80. I kicked myself for not holding it to $120. I bought some up there and was quickly stopped out for a small loss. And now I’m glad I haven’t owned it for a while and have a chance to back up the truck.
Before I do so, I wonder if anyone out there can tell me what I’m missing. Here are some reasons for the low GRMN price I’m reading on message boards and blogs:
Continue Reading 4 comments Friday, Aug. 15, 2008
by Jason
