Garmin: Navigating Through Shark Infested Water
By Magic Diligence. Just a few years ago, Garmin ( GRMN ) was a popular stock with the growth investing set. Today, with an 14.6% earnings yield (8.9 P/E) and a place in the Magic Formula Investing (MFI) screen, the company is firmly in value stock territory. What happened to bring this rocket stock back to earth, and have investors overreacted? For those unfamiliar, Garmin is one of the leading …
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