Garmin falls from its pedestal

re: Garmin falls from its pedestal

Don F — Tue, 06 May 2008 18:14:55 GMT

Garmin, needs to re-visit their business model. Granted new and higher margin

prodcuts will help. But do they really think they can compete in these markets with

Verizon, Apple, AT&T, etc...? A good move on their part would be to take care of the customer base they've already attracted. By providing update's that are

affordable, allowing for the trade in of obsolete equipment,and not trying to force customer loyalty. When the economy is good,and your the only guy on the block you can get away with conducting business the way they do. But with added competition, and a downturn in the economy I think your seeing the results of Garmin trying to perform " business as usual".

re: Garmin falls from its pedestal

Chuck Wenk..Wenk Aviation Ins. Agency — Thu, 01 May 2008 21:00:21 GMT

Cessna, Beech, Cirrus, what is left of Piper and all the others still making pistons, turbines and jets all ran to Garmin and proudly waved warranties for the "glass panels"....now, hopefully, they will bring or be forced to bring, their prices way, way down to reasonable levels and the Citations and Lears will lead the way along with the new small jets so if Garmin sees the light they will still be around. They had a nice run and still are having one but the price was way to much on every model! This is a recession now and 100 Octane is 6 bucks a gallon! Garmin had to get real at last!

re: Garmin falls from its pedestal

Bill O'Brien — Thu, 01 May 2008 17:12:34 GMT

The key to Garmin's future growth is its diversification. The perspective pertaining to the company's products focuses too sharply on its PND products. This recent quarter's figures proved that the company can and will sustain growth in its marine & aviation segments. Garmin is not merely a navigation company as its upcoming Nuvi phone will show. The company is an electronic device company.

It is infrequently mentioned that the company has zero long term debt and 35% insider ownership. Two very important factors which are conducive to being able to sustain periods of slow growth and the desire to achieve successful results.