Friday, April 25. 2008

Despite Slowing Economy Trimble Hits Home Run in Q1

When word first started trickling in that the U.S. and global economies were slowing, Trimble (TRMB) saw its stock begin to slide and shed almost 46% of its value since its high of $43/share in the fall of 2007. But on news of its Q1 numbers, the company hit a home run showing a 24% gain over Q1 last year. Diving into the press release shows that indeed its engineering and construction business has shown some weakness but still grew 11%. Its mobile and field divisions saw the most impressive gains with 47% and 73%, respectively, two of the sweet spots for geospatial technology. The best news was that it is not forecasting any change to its original 2008 outlook.

Posted by Joe Francica in GPS at 13:21 | Comments (3) | Trackbacks (0) |

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TRMB continues to grow and, in my opinion, is a solid investment opportunity for the future. It sb included in any diversified growth portfolio of stocks.

#1 jim Furber on 2008-04-26 08:55 (Reply)

Some people lose during the resession, but some people become wealthier and wealthier

#2 Andrey (Link) on 2008-04-28 02:43 (Reply)

Happy Easter to everyone!

#3 IPOD (Link) on 2008-04-28 09:03 (Reply)

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In reply to	[ Top level ]#1: jim Furber on 2008-04-26 08:55 #2: Andrey on 2008-04-28 02:43 #3: IPOD on 2008-04-28 09:03
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