Further Big Gains Ahead In Our GPS Stocks

Article Excerpt

We’ve had great success with the four Global Positioning System (GPS) stocks we first recommended in our June, 2001 issue. Trimble Navigation (see below) acquired @Road, another of the four picks, earlier this year for a 264% gain. Trimble itself is up 755.5%. Garmin (see below) has gained 884.4%. NovAtel is now the subject of a takeover bid for a 2,986.4% gain. We still think there’s room for growth at both Trimble and Garmin. Both are industry leaders, and continue to capitalize on expanding sales of GPS devices to the aviation, agriculture, engineering and construction industries, as well as to retail consumers. TRIMBLE NAVIGATION $42.26 (Nasdaq symbol TRMB; SI Rating: Speculative) (408-481-6914; www.trimble.com; Shares outstanding: 120.2 million; Market cap: $5.1 billion) makes GPS devices and technology for four main markets: 1) Engineering and construction is the biggest contributor to revenue for Trimble, at 68% of revenues. 2) Agriculture GPS products (15% of sales) let farmers cut costs and increase yields by, say, precisely plowing,…