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    Bearish Call on Garmin (Nasdaq: GRMN) Shares

    Published: May 17, 2012

    Garmin (Nasdaq: GRMN) is a maturing consumer electronics business. The market’s optimistic view will change as Garmin fails to meet lofty growth expectations. In 12-18 months, this stock will be worth $25, implying 2012E FCF yield of 10.7% and 2012E EV/NOPAT of 10.5x. TomTom, Garmin’s closest pub...

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  • Logo whitebg 400

    Bearish Call on Garmin (Nasdaq: GRMN) Shares

    Published: May 17, 2012

    Garmin (Nasdaq: GRMN) is a maturing consumer electronics business. The market’s optimistic view will change as Garmin fails to meet lofty growth expectations. In 12-18 months, this stock will be worth $25, implying 2012E FCF yield of 10.7% and 2012E EV/NOPAT of 10.5x. TomTom, Garmin’s closest pub...

    Read More »