Garmin is a leader in five growing markets

Article Excerpt

Garmin wasted no time in rewarding our subscribers since we first recommended it in late 2020. The stock is up 39.3% since its inaugural appearance in the September issue of Power Growth Investor at $103.99. Meanwhile, the company is at the forefront of its technology markets, and we think it will go even higher. Garmin is a Power Buy. GARMIN LTD., $144.83, is a buy. The company (Nasdaq symbol GRMN; TSINetwork Rating: Extra Risk) (Shares o/s: 192.3 million; Market cap: $28.1 billion; Yield: 1.9%) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine. Its products range from sophisticated aviation instrument-landing receivers with built-in radios to small waterproof GPS. Most of the company’s products feature high-resolution touchscreen displays. Many include added features like solar charging and voice assistants. With an active satellite subscription, users can access Garmin’s inReach satellite technology to send and receive messages, weather updates and navigation routes, plus they can track and share journeys online. As well, if…