Author Topic: Garmin - Terminal Decline or Deep Value  (Read 5233 times)

elltel

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Re: Garmin - Terminal Decline or Deep Value
« Reply #10 on: September 03, 2010, 08:12:52 AM »
In China a company recently listed called Autonavi. They are software maps only and can be downloaded on to mobile phones. It can be found on itunes for example.
Garmin aren't in China, neither are Tomtom.
Satnavs are about 150usd so still out of reach of most people. My cousin uses the downloaded software on his smartphone.


hyten1

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Re: Garmin - Terminal Decline or Deep Value
« Reply #11 on: September 03, 2010, 09:17:56 AM »
personally i find garmin interseting... however at this moment i would like to have a bigger margin of safety

nodnub

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Re: Garmin - Terminal Decline or Deep Value
« Reply #12 on: September 03, 2010, 09:54:14 AM »
Can Garmin get into the smartphone market? Probably. What is the chance of nuking profits in going after the smart phone market? Remains to be seen...

garmin have released a phone in conjunction with tmobile (and maybe others - I know I have seen it on the tmobile site). Thats a tough market to break into.

I have a tom tom that I purchased a couple of years ago and found it to be pretty good. I did buy further updates for it - for when I travelled to England and wanted the gps there. I do now have a gps enabled smartphone - I have it hooked up to the speakers and play music and podcasts on it as I'm driving - I've used the gps app on the phone a few times and found it to be fairly accurate - plus it cuts off the music and delivers the directions over the speakers. I don;t find the need to be looking at the screen (apart from my ocd tendencies to want to know exactly where I am and how far to the next exit).


Given the quality of the gps service on the phone and automatic upgrades etc (plus the ability to search for a place and just click to get directions) I can't see me buying another gps device.

the only issues that I would consider is that I don;t want to be using my phone abroad dueto the costs
of the data service and that once you are out of the main coverage ares its possible that the phone (and therefore the gps) can drop out of coverage
and it would probably then be as clueless as I am as to my location).

I think garmin need to develop a partnership with a major carrier and expand their influence that way.

I have a nokia smartphone. I can download free worldwide maps from the nokia website and put them on my phone. The GPS functions fine without a data plan. The GPS reciever receives GPS satellite signals for free, and depending on the phone, it can receive additional assistance from cell phone tower triangulation (this does not add any usage to your data plan).   I don't even have a data plan and this work fine.

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GPS will work anywhere that there is line of sight to the sky (that's where the GPS satellites are) so long as it can see more than a couple satellites (to triangulate your position in 2D)
« Last Edit: September 03, 2010, 09:58:19 AM by nodnub »

rick_v

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Re: Garmin - Terminal Decline or Deep Value
« Reply #13 on: September 03, 2010, 11:02:58 AM »
Hyten I feel the same way thats why I am building a position. I would like to see it go lower and build an average somewhere in the low 20's. But that is a good point and the one I made originally on the Munger board.

As you can see the last two days have been difficult to build a position but the prior week was easier. Now why in the world wouldn't I accumulate a position like GRMN all the way down from 28 to 20 over a few months. @ 20 this would be even more of a steal!

LC

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Re: Garmin - Terminal Decline or Deep Value
« Reply #14 on: Today at 05:03:27 PM »
Old thread but I have been interested by Garmin recently.

To answer the thread title, it appears "deep value" was the right answer.

Curious what the board thinks on the valuation here. I think the product offering is attractive, I think it also has tailwinds behind it. IMHO it trades at a "somewhat" reasonable valuation in the age of YOLO.
« Last Edit: Today at 05:50:06 PM by LC »
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