We recently wrote about several stocks playing in the smartphone arena (AAPL, RIMM, GOOG]) but left Garmin out of the discussion (they announced they'd exit the smartphone market in fall 2010). Garmin's poor showing in the smartphone market did ostensibly punish the company—it is currently selling for less than 9 times earnings, while in years previous to the downturn it seems to have fluctuated between 16 and 25). We considered this and wanted to know if Garmin is being overly punished—in other words, is Garmin at this price a Value Stock or a Value Trap?
Using our software and the analysts' projected 5 year growth rates, we get the following (click to enlarge images):
Complete Story »
Maria Menounos Shakira Leslie Bibb Chelsea Handler Salma Hayek
No comments:
Post a Comment