http://www.valueinvestingnews.com/garmin-growth-reasonable-price Comments for "Garmin: Growth at a Reasonable Price?" en http://www.valueinvestingnews.com/garmin-growth-reasonable-price#comment-1627 <p>I think Garmin's P/E is due to their being a big player in a market that is attracting much bigger players. I love my Garmin handheld for hiking but their software is both expensive (maps) and somewhat user unfriendly. Google maps automatically presents traffic data on my smart phone and such a service from Garmin would require buying both hardware (an XM antenna) and a subscription to XM. To maintain their lead in the vehicle navigation market I think they need to both incorporate automatic updates to their devices and real time traffic data via a cell subscription a la Amazon's Kindle.</p> Mon, 19 May 2008 22:28:38 -0400 xmonkeydr comment 1627 at http://www.valueinvestingnews.com http://www.valueinvestingnews.com/garmin-growth-reasonable-price Garmin is the dominant player in the fast growing GPS market. The company has delivered nearly 50% annual earnings growth since 2003, and is expected to grow at 17% per year going forward. With it's current 11 P/E, is Garmin a textbook example of growth at a reasonable price? http://www.valueinvestingnews.com/garmin-growth-reasonable-price#comments Stock Analysis GRMN NOK AAPL SNE Tue, 13 May 2008 07:05:32 -0400 MagicDiligence 4206 at http://www.valueinvestingnews.com