GRMN dead money?

Discussion in 'Stocks' started by HotTip, Sep 8, 2011.

  1. HotTip


    I'm looking how GRMN already announced it was exiting the consumer handheld market to focus on airplane GPSs, and then I see reviewers out there that favor the iPad as a cheaper alternative to the Garmin for the low-end airplane GPS market, which shrinks their potential even more. They already have decreasing YOY revenues and yet are trading at 15x forward PE. I'm thinking that LEAPS puts might be a good idea.

    Any thoughts?
  2. HotTip


    So glad I didn't act on this thought and short GRMN back then. It's up >20% since!
  3. nitro