Sell Garmin
August 10, 2007
Sold Garmin at 100.21 per share for an 83% basic gain. Wish I would have done the same with Apple a couple of weeks ago.
Garmin acquisitions
July 18, 2007
Garmin is buying up it’s distributors in Europe left and right. In January, Garmin acquired its French distributor. EME Tec Sat SAS, is the exclusive distributor of Garmin’s consumer products in France.
Earlier this month, they completed an acquisition of GPS Gmbh, the exclusive distributor of Garmin’s consumer products in Germany.
Now in the news, Garmin has announced it’s plans to acquire its main distributor in Spain, Electronica Trepat SA.
Which European distributor is Garmin after next?
Garmin at an all time high
July 10, 2007
From the AP:
“Shares of personal navigation device maker Garmin Ltd. reached an all-time high for the third consecutive trading day Tuesday, but later retreated.
Garmin shares peaked at $79.64 in the first minutes of trading. Through Monday, the stock had advanced 41.5 percent in 2007.”
At $77.92, Garmin is currently dipping just below it’s 52 week high of $78.90. I’m thinking I should sell Garmin now while it’s at an all time high and look for other things to invest in. I’m currently at 42% gain on Garmin. What analysts are rating Garmin:
“Twelve analysts now rate Garmin stock at “Neutral“ or the equivalent, while six rate Garmin shares at “Buy“ and two at “Sell.“
