Topic: How To Invest

Power Growth Investor Hotline – Friday, January 7, 2022

Article Excerpt

GARMIN LTD., $130.95, is a buy. The company (symbol GRMN on New York) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine. Garmin recently transferred the listing of its shares from Nasdaq to the New York exchange. The company commenced trading as a NYSE-listed company on December 7, 2021, market open under its ticker symbol GRMN. Meanwhile, the company is now acquiring Vesper Marine, a privately held provider of AIS, VHF and vessel monitoring systems for the marine industry. The purchase price has not yet been disclosed. In business for almost 15 years, Vesper has developed a suite of communication products and solutions for power, sail and workboats, including its Cortex system. Cortex combines a state-of-the-art VHF radio with Vesper’s unique smartAIS transponder and remote vessel monitoring technology. Vesper’s smartAIS transponders incorporate built-in alarms to alert mariners of potential collisions, dragging anchors and man overboard situations. Operating in the VHF maritime band, the AIS (Automatic Identification System) system…