Garmin (GRMN)

I find this article to be more pessimistic than neutral. There is no ref...

Suggestion by Tim Plaehn on 2008-02-28 15:41:33

I find this article to be more pessimistic than neutral. There is no reference to the fact that all facts to this time still show the company growing revenue and profits. The market has discounted the stock for recession, subprime crisis, competition, shrinking margins and New Coke. I have a bit of a problem with the assertion that during a recession consumers quickly decrease spending on luxury items. First, no recession has yet been declared. Second, those that buy luxury goods will still be able to if there is a recession. Third, modern consumers buy what they want, when they want, expecially on items that are not big ticket purchases. I think this article gives a good overview. I just believe it has been a bit tainted by the current negativity in market news reporting.

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