Topic: How To Invest

Power Growth Investor Hotline – Thursday, March 28, 2024

Article Excerpt

GARMIN LTD., $148.87, is a buy. The company (symbol GRMN on Nasdaq) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine. As part of its marketing efforts, Garmin forms a Marine Team of professional anglers each year. The team of nearly 80 professional bass, walleye, and crappie fishers represent Garmin in tournament circuits across North America, including the B.A.S.S., FLW and the Major League Fishing (MLF) tours, and on television shows across the country. The success of the team members is an important marketing tool for the company. Most recently, Garmin pro Justin Hamner won the 2024 Bass Pro Shops Bassmaster Classic, presented by Huk. In fact, six of the top 10 finishers at this year’s Bassmaster Classic were running Garmin’s LiveScope Plus live-scanning sonar. LiveScope is the first live scanning sonar for recreational fishing to deliver images of structure, bait and fish swimming below and around the boat in real time, even while stationary. Additionally, the anglers utilized Garmin Navionics…