|Tornado warnings in the Tech Sector|
now, with Research in Motion, Juniper Networks, Micron, LG Display, Nokia, Seagate, Autodesk and others being vilified and their prices driven down. I guess everyone should just take their toys and go home and let Apple and Google own the whole tech world. I ..don't.. think... so!
One tech stock you can own is Garmin Ltd. (Symbol GRMN, $33.66). First lets start with the 5.89% dividend yield ($2.00 per share) that the stock pays. Will they keep that dividend rate? You bettcha. They have a bulletproof balance sheet with Zero Long Term debt and have excellent controls on cost in place. The PE on the stock is 10.29. The product mix is being fine tuned and diversified so revenues and earnings have gone down a bit in the last four years, but the existing company is sound and moving forward into new businesses.
You need to let go of the past. Garmin had most recent quarter EPS, GAAP earnings of .49 cents in the most recent quarter was over last years .19 GAAP earnings in the same quarter, and is up 157.89%. The 12 month total return on the stock is 18.1%. This is a dynamic company which will give you a nice total return and equity gains as new businesses develop.
Talk about efficiency. 52.90 % Gross profit margins and they turn their inventory 6.7 times a year.
Are there any road hazards around? Yes, keep an eye on the developments in the LightSquared 4G deployment and reported possible interference it causes to regular low power GPS systems. If there is one of those media hysterical behavior scares coming up, there could be a big bargain day for GPS stocks. Keep on the lookout for it to buy in.
Also sift among the ruble in tech stocks and find some bargains like Skyworks Solutions (SWKS, $23.16) and Nokia Corp. ADR (NOK, $6.02).
So find your way to Total Returns and even Go Fishing with Garmin ...... >>>>>>>