Garmin - Proof of a rising location technology market
Garmin Ltd. (GRMN) maker of many commercial and consumer GPS products, is a rising (perhaps risen) star of the stock market. For all of you financially savvy market watchers, you will have seen the astounding performance of the company’s stock price. Since January 1 of this year the stock has risen from $65 to $102 (as of the close on June 28). The company has been highly recommended by stock market gurus such as Jim Cramer. The stock announced a 2 for 1 stock split on May 3rd and now offers dividend. Their products are good (I own 3 of them) and its an indication of a rising consumer market for location-aware devices. The stock is a secret no longer.