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Garmin Ltd. (GRMN) [hlAlert]

Rating:
Sell GRMN
down 46.43 %

Garmin Ltd. (GRMN) rated Sell with price target $20 by Morgan Joseph

Posted on: Wednesday,  Nov 4, 2009  3:25 PM ET by Morgan Joseph

Morgan Joseph rated Sell Garmin Ltd. (NASDAQ: GRMN) on 11/04/2009. Previously Morgan Joseph rated Sell Garmin Ltd. (NASDAQ: GRMN) on 03/17/2009.,
when the stock price was $20.44. Since then, Garmin Ltd. has gained 86.69% as of 01/15/2016's recent price of $38.16.
If you would have followed the previous Morgan Joseph's recommendation on GRMN, you would have lost 46.43% of your investment in 2495 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.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/4/2009 3:25 PM Sell
None
26.81 20.00
as of 12/31/2009
1 Week up  0.61 %
1 Month down  -3.04 %
3 Months up  18.41 %
1 YTD down  -14.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/17/2009 8:25 AM Sell
None
20.44 14.00

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