GRMN: Great pick for the Long Term

Garmin LTD is a designer, developer,manufacturer, and marketer of of Global Positioning Systems (GPS). THE NUMBERS: This stock is way undervalued. It has a PE of 11, much lower then its past average. And a decent EPS of nearly 4. Its stock price is at a near low, (It's high was around 120$). So get it while its cheap Also, Earnings and cashflow have been steadily increasing over the past 4 years (data only goes till there). As well as P/S the ratio has been steadily lowering, another Plus. Furthermore, Return of Equity had been increasing, from 32%, to 43.75% in 2007, a remarkable feat. And guess what...Garmin has NO debt. Garmin posted a current ratio of about 3 in 2007, nice to know if you are looking for a co. that can cover any future problem, as their liabilities are low. Garmin also has relatively high profit margins. Also, Garmin plans on increasing spending on research and development by 30-35% (current spending is 5% of sales). Contrasted to "Tom Tom" (a competitor, not nearly as large as Garmin) with spending of research 3.5% of sales. So look out for new products and technological feats. WHAT IT IS THAT MAKES IT SO GOOD: There are numerous uses for the GPS technology. They are used in the automotive industry,Avionic industry, for boating/fishing, and for recreation/sports. Garmin is also the only co. that sells GPS watches for sports that SPECIALIZE in GPS units. And as a result of that, I have never encountered a person with a GPS device for running, other than Garmin. They hold a monopoly in that sector. In addtion, Garmin released a new product - the garmin 405. As well as their new series of units called "Oregon"-GPS units for the trail. With these products and the technology becoming more affordable, look for this stock to rise. Before you know it all cars will have GPS units, and all Cellphones will too. Garmin is the vanguard of this technology, so for the long term, keep this one in your portfolio.