JohnHibbert

John edward Hibbert

Real Money Earned: $1.78
Location: University, MS
Member Since: 3/26/08
Portfolio Total:$810,040.11

Stock Analysis: 9

Portfolio Start Date10/29/08
Annualized Return:-18.2%
Total Return:-19%

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Stock Pick by John edward Hibbert

GRMN: Broken product line

Start trading GRMN with real money!

Rate Analysis

2 ratings

Posted 510 days ago on 6/29/08

Market call:GRMN will go DOWN
Target: $10.00 on 6/29/08
Current: $30.86 (-30.05% from time of market call)

I think that with a company like garmin its good to take a step back away from all the financials and look at the big picture with a common sense approach. It seems like every new cell phone that hits the market has GPS more advanced than the previous, which I think it just going to kill garmin. I spent some time on their website and the products that really drive the revenue(GPS for cars) just don't look that appealing. I think that a certain type of person will keep buying them because they are eaasy, but being a 22 year old I feel like I am capable of looking at my iPhone for directions while driving at the same time, and think that most of the people in my age group alll the way up to say 30 feel the same way. Think this will be a volatile ride to bankruptcy or buyout within 3 years

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Kyle Wagner

Posted 7/26/2008, 4:35 am

i would have to disagree, garmin specializes in advanced GPS units. The so called gps on phones, are not detailed, and sometimes unhelpful. Granted, i am a garmin owner, but i once was in a different state with a friend, and we were trying to find a location in the city, after failed attempts with his iphone for 20 min, 2 min with my garmin, and we were able to find it. also, being 19, i have a garmin, and not an iphone, and have no plans of getting an iphone. wouldnt trade my gps for a iphone either. On the otherhand, as a backpacker/hiker, i find that the TRUE intention of garmin equipment, is just that: outdoors. Considering your average 22 year old probably never spends time in the woods, you would just use your iphone, but out in the woods, miles from any road, i think ill trust the reception on my gps rather than an iphone. cell phone based gps are very low reception, and may seem better because they base triangulation off cell towers, in a place with no cell towers, they will get low signals

Tom Mcgowan

Posted 7/1/2008, 7:58 pm

While Car GPS is the biggest portion of revenue, have you considered the repercussions of a Cellphone ban like the one in California. I would assume that would lead to not being able to use Car GPS.

Btw, Bankruptcy seems to be a long ways away...

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