2-Star Tech Stocks Poised to Plunge: Garmin?
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, navigation-device maker Garmin (NAS: GRMN) has received a distressing two-star ranking.
With that in mind, let's take a closer look at Garmin and see what CAPS investors are saying about the stock right now.
Schaffhausen, Switzerland (2000)
Chairman/CEO Min-Hwan Kao
Return on Equity (average, past 3 years)
$1.4 billion / $0
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 10% of the 1,078 All-Star members who have rated Garmin believe the stock will underperform the S&P 500 going forward.
I don't think, in this day and age, you can make it as a company SOLELY focused on GPS technology. Google has the power, resources, and foresight to disrupt a lot of areas, and this is obviously one of them. At the very least it seems to me that [Garmin] will have to cut its dividend in the coming years.
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The article 2-Star Tech Stocks Poised to Plunge: Garmin? originally appeared on Fool.com.Fool contributor Brian Pacampara has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Google. Motley Fool newsletter services recommend Apple, Google, and Garmin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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