Garmin - "The World Leader in GPS Technology"

Motley Fool has a pretty interesting quick look at why they believe that Garmin is "the" leader in the GPS world; strongest margins, best growth rates, biggest share, etc. I am only a casual markets person, but from what I see those numbers are pretty impressive.

What I found impressive thinking back is the growth rate that has been sustained on Garmin (and other's) sales for the last few years (Check out some old Earnings Announcements); essentially ever since I started this blog. So while some think that the GPS market has just exploded in recent quarters, their growth rates were still high previously. What are the numbers going to look like once GPS firms report on the 4th quarter of 2007? A year ago it was 100% profit growth on 92% earnings growth.

I can't tell you if Garmin is a good stock to buy, but see the Motley Fool on why they think that Garmin is "The" World Leader in GPS Technology.

Read More in: Garmin GPS News

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