inspirator schreef op 14 januari 2015 15:26:
fitness tak TomTom is booming
groei met hoge marges
Fitness sales surged 54% in the first nine months of 2014.
Garmin: Strong Fitness Momentum Supports $67 Price Target
Jan. 13, 2015 1:05 PM ET | About: Garmin Ltd. (GRMN), Includes: TMOAF
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
Fitness sales surged 54% in the first nine months of 2014.
Margins are likely to improve significantly despite low total revenue growth.
A two-stage DCF valuation model shows that Garmin is undervalued.
I confirm my bullish outlook and set a $67 price target for this stock.
seekingalpha.com/article/2817546-garm...