CitronResearch.com » 2009

February 03, 2012

Home Reports Archives Citron knows China Contact Us / Suggestions Legal Disclaimer Who is Citron

Search

search citron archives

Disclaimer:

Citron does not guarantee in any way that it is providing all of the information that may be available. We recommend that you do your own due diligence before buying or selling any security. At any times the principals of Citron might hold a position in any of the securities profiled on the site. Citron will not report when a position is initiated or covered. Each investor must make that decision based on his/her judgment of the market.

Citron Research Reports on Garmin (NASDAQ:GRMN)

Posted in Citron Reports by CitronResearch on the December 11th, 2009

stock ticker: GRMN

Can Garmin navigate their way out of the dead end they’ve driven into ?

Today marks the day that Nokia is shipping their first navigation based phone in to the US
http://hothardware.com/News/Nokias-5800-Navigation-Edition-And-E72-Smartphones-Ship-To-America/

Some have already called this new unit the “PND-Killer”
http://www.twice.com/article/439546-Nokia_PND_Phone_Offers_Free_Services.php
This announcement prompts us to look deeper into the future of navigation leader Garmin. While we’re reluctant to join a pinata party here, the company’s own comments at Wednesday’s Barclay’s investors’ conference as delivered by its CFO are particularly important for any investor, long or short, looking to establish an opinion on where management is “driving”. (more…)