Garmin is positioned for more success (GRMN)

by Darren

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Garmin is a heck of a company that makes a great product and makes big money doing it. If you haven’t checked out GRMN yet, it’s worth a look. I’ve used one of their StreetPilot units for a year now, and just love the thing. Apparently, I’m not alone.

The momentum promises to continue as Garmin had a blockbuster quarter and announced a stock split at the same time. It’s a safe bet to say this stock is building momentum.

Sales are blistering:

$322.3 million, up 67 percent from $192.7 million last year.

Garmin is releasing 34 new products, so expect sales to continue to accelerate. These are some great trends to look for when investing in the common stock of a company:

1) Rapid sales growth
2) Unique products
3) Customer loyalty
4) High net margins

At the very least, buying Garmin now should represent a safe bet if you ride the stock into the next earnings. With the split coming and an extremely likely increase in sales and net income rapidly, the company could very well continue to profit.

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