Garmin has had a great run and this morning is up $15 on their numbers.
When a company is beating numbers, it is because analysts don’t fully understand the potential of a product or service.
Like Sandisk is to Flash and Ipod is to music, Garmin is to GPS. GPS is a cool, rapidly becoming affordable and could be a christmas surprise – maybe Apple partners with Garmin to provide GPS in the wireless iPod (oh to dream). These kind of possibilities lead to opportunities on the long side. I am not adding, but holding mu stock.
Disclosure – Long Garmin
I’m in Tampa on business today and the cover story of the local alternative weekly (a good, widely read publication) is all about the Garmin product you’re talking about and “caching” – like GPS scavenger hunts.
at http://www.weeklyplanet.com/gyrobase/AllArticles?issue=oid%3A80201&x=11&y=14
Just some anecdotal evidence to support your trend analysis.
have fun with Chartreuse tonight
send me a link or save the article for me
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