GRMN, daily
Summary
Garmin is a stock I've been watching for a months now. Very profitable, with margins of around 20% (something AMZN will never see!). GRMN is debt free, with a nice little cash pile of over a billion.
see key stats @ yahoo! finance
Clearly, its seeing some distinct weakness since the jump higher in late November, and where it got stuck around $43.
What is clear, relative to the main market, its arguably under-priced, especially when you consider its broader balance sheet.
When the indexes retrace - 'whenever' that might be, I'll certainly strongly consider GRMN as a long play into the late spring. First target would be that $43 spike high..and then $50.
A break over $50 would be extremely important, and if GRMN can hold the 50s for a few consecutive days, there is open air all the way to $100.
One to watch..especially if the indexes see a minor pull back.
*Next earnings are due Feb'20th
