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Garmin stock

 
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ghost640
Geocacher


Joined: 03 Nov 2006

Posts: 270

PostPosted: Thu Oct 04, 2007 10:56 am    Post subject: Garmin stock Reply with quote

Has anyone been watching Garmin in the stock market? I've been a casual observer since August, its been a wild ride. They were pretty well rated most of the year, went from around $55 in January to over $120 last week. They tanked a couple days ago after Nokia bought out NavTech.

Anyway, it's pretty interesting, I think us cachers are small potatoes compared to the car navigation market, but I like Garmin's customer service record - seems head over heels over Alpine and others. Of course, it if I actually bought their stock it would be the end of them...
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bflentje
Geocacher


Joined: 29 May 2006

Posts: 4033

PostPosted: Thu Oct 04, 2007 11:09 am    Post subject: Re: Garmin stock Reply with quote

ghost640 wrote:
Has anyone been watching Garmin in the stock market? I've been a casual observer since August, its been a wild ride. They were pretty well rated most of the year, went from around $55 in January to over $120 last week. They tanked a couple days ago after Nokia bought out NavTech.

Anyway, it's pretty interesting, I think us cachers are small potatoes compared to the car navigation market, but I like Garmin's customer service record - seems head over heels over Alpine and others. Of course, it if I actually bought their stock it would be the end of them...


What's the symbol?
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Marsha and Silent Bob
Past MnGCA President


Joined: 02 Sep 2003

Posts: 6261

PostPosted: Thu Oct 04, 2007 11:53 am    Post subject: Reply with quote

http://finance.google.com/finance?client=ob&q=GRMN
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ghost640
Geocacher


Joined: 03 Nov 2006

Posts: 270

PostPosted: Thu Oct 04, 2007 1:28 pm    Post subject: Reply with quote

Nice site - I like the way they provide links to news items. GRMS is up 4.93 since this AM, lots of irrational exuberance in the GPS world. You'd think they were iPhones.
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GeoPierce
Geocacher


Joined: 16 Nov 2005

Posts: 1657

PostPosted: Thu Oct 04, 2007 1:45 pm    Post subject: Reply with quote

ghost640 wrote:
Nice site - I like the way they provide links to news items. GRMS is up 4.93 since this AM, lots of irrational exuberance in the GPS world. You'd think they were iPhones.

iPhones are all hype. Can they find tupperware in the woods?
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Marsha and Silent Bob
Past MnGCA President


Joined: 02 Sep 2003

Posts: 6261

PostPosted: Thu Oct 04, 2007 1:48 pm    Post subject: Reply with quote

GeoPierce wrote:
iPhones are all hype. Can they find tupperware in the woods?

Coming from the guy that probably still caches with a wristwatch GPS. Luditte!
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ghost640
Geocacher


Joined: 03 Nov 2006

Posts: 270

PostPosted: Thu Oct 04, 2007 1:50 pm    Post subject: Reply with quote

GeoPierce wrote:
ghost640 wrote:
Nice site - I like the way they provide links to news items. GRMS is up 4.93 since this AM, lots of irrational exuberance in the GPS world. You'd think they were iPhones.

iPhones are all hype. Can they find tupperware in the woods?


You are thinking of the iCache, it comes out next week.
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GeoPierce
Geocacher


Joined: 16 Nov 2005

Posts: 1657

PostPosted: Thu Oct 04, 2007 2:23 pm    Post subject: Reply with quote

Marsha and Silent Bob wrote:
GeoPierce wrote:
iPhones are all hype. Can they find tupperware in the woods?

Coming from the guy that probably still caches with a wristwatch GPS. Luditte!

You mean the guy that USED to. I've been using a 60Cx for a year now!
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GeoPierce
Geocacher


Joined: 16 Nov 2005

Posts: 1657

PostPosted: Thu Oct 04, 2007 2:23 pm    Post subject: Reply with quote

ghost640 wrote:
GeoPierce wrote:
iPhones are all hype. Can they find tupperware in the woods?

You are thinking of the iCache, it comes out next week.

Geocoins are all hype too. Just ask SB. Smile
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Marsha and Silent Bob
Past MnGCA President


Joined: 02 Sep 2003

Posts: 6261

PostPosted: Thu Oct 04, 2007 2:50 pm    Post subject: Reply with quote

GeoPierce wrote:
Geocoins are all hype too. Just ask SB. Smile

You misspelled "an absolute waste of time and money". Just figured I'd correct you Wink
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pfalstad
Geocacher


Joined: 02 Feb 2006

Posts: 1011

PostPosted: Thu Oct 04, 2007 3:59 pm    Post subject: Re: Garmin stock Reply with quote

ghost640 wrote:
Has anyone been watching Garmin in the stock market?

Yes! Crying or Very sad I bought a little at just over $102. I should have sold on Monday but I was out of town and couldn't trade until yesterday. Not sure what to do now.

Quote:
They tanked a couple days ago after Nokia bought out NavTech.

Navteq! Now that's what I should have bought: http://stockcharts.com/h-sc/ui?s=nvt
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ghost640
Geocacher


Joined: 03 Nov 2006

Posts: 270

PostPosted: Fri Oct 05, 2007 7:56 am    Post subject: Reply with quote

I got in yesterday at just under $100, this is the time where I need to turn off the stock feed to my desktop! (Looking good right now though...)

Past performance is no guarantee...
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MNMizzou
Geocacher


Joined: 23 Feb 2005

Posts: 712

PostPosted: Fri Oct 05, 2007 9:09 am    Post subject: Reply with quote

Hang onto it through at least the end of the year... my hunch is the navteq deal was a knee jerk response. This stock has moved for a lot of strange reasons I'm not sure Wall St experts could really explain. But they do have an earnings report coming out the end of October, I'm guessing that will give it a spike.
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ghost640
Geocacher


Joined: 03 Nov 2006

Posts: 270

PostPosted: Tue Dec 30, 2008 10:05 am    Post subject: Reply with quote

Sold today at $19, part of a wildly successful capital loss campaign - woohoo!
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pfalstad
Geocacher


Joined: 02 Feb 2006

Posts: 1011

PostPosted: Tue Dec 30, 2008 11:46 am    Post subject: Reply with quote

Bummer.. I sold a few days after my last message on this thread. If I hadn't sold then, I definitely would have sold when the Colorado came out! Wink
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