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Bull of the Day

Garmin, Ltd. (GRMN)

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September 09, 2009 |Comments: 0
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GRMN

Garmin (GRMN) is an OEM of GPS-based equipment. June quarter results were much better than consensus expectations, signaling an end to the downturn.

The strong revenue and margin performance in the recently concluded quarter, the company s market share, brand equity, financial position, compelling new products and management history of execution are encouraging factors.

Although the near-term outlook is cloudy and competition remains fierce, we continue to believe that the company will perform better than peers. Consequently, we are reiterating our Outperform recommendation on Garmin shares.

Garmin, Ltd. (GRMN) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on GRMN

 
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