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Garmin Ltd. (GRMN) [hlAlert]

Rating:
Hold GRMN

Garmin Ltd. (GRMN) rated Hold with price target $19 by Wedbush Morgan

Posted on: Monday,  Dec 1, 2008  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Hold Garmin Ltd. (NASDAQ: GRMN) on 12/01/2008. Previously Wedbush Morgan rated Buy Garmin Ltd. (NASDAQ: GRMN) on 06/09/2008.,
when the stock price was $49.86. Since then, Garmin Ltd. has lost 27.24% as of 07/31/2008's recent price of $36.28.
If you would have followed the previous Wedbush Morgan's recommendation on GRMN, you would have lost 27.23% of your investment in 52 days.

Garmin International is designs, manufactures, and markets navigation and communications equipment for a variety of markets, including aviation, marine, automotive, cellular, OEM, and general recreation. Specifically, the company aims to enrich the lives of customers, suppliers, distributors, and employees by providing the very best products that offer superior quality, safety, and operational features at affordable prices.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/1/2008 9:25 AM Hold
None
16.00 19.00
as of 12/24/2008
1 Week up  7.54 %
1 Month up  10.40 %
3 Months up  33.59 %
1 YTD up  23.42 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/8/2008 8:25 AM Hold
None
25.52 30.00
7/31/2008 10:25 AM Hold
None
36.28 40.00
6/9/2008 10:25 AM Buy
None
49.86 59.00
5/1/2008 10:25 AM Buy
None
41.33 55.00
4/29/2008 10:25 AM Buy
None
46.79 60.00
1/10/2008 10:25 AM Buy
None
77.81 97.00
11/1/2007 11:25 AM Buy
None
100.49 134.00
10/16/2007 9:39 PM Buy
None
114.52 132.00

(*) Stock Price at the time of the recommendation.
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