GRMN: Insider Buying/Buybacks = Rising Stock

Everyone who has taken an intro. investments class learns this about insider trades. Insider sells can mean a number of things, but insider buys can only mean one. They think their stock is going higher. This week, Garmin just announced that it will buy back 10 million shares of common stock by Dec. 31, 2009. This after they just recently completed its 5 million share repurchase plan, authorized in February 2008. This is a huge insider buyback, and I can see this stock doubling in 3 to 6 months. Oh and another reason to get a good number of shares...Garmin also announced this week that they will be paying dividends of $0.75 a share in December of this year.