(GRMN) is an interesting potential play on the personal navigation market. GRMN enjoys strong margins, pays an impressive 5% yield, consistently delivers healthy profits, and has piled up plenty of cash with no-long term debt. What’s not to like?
Competition from Google (GOOG) and Apple (AAPL) have cut into sales in Garmin’s main business, as revenue declined in 2012. If it’s a growth play you are looking for, Garmin’s short-term potential isn’t that good. But, Garmin’s healthy financial position makes this stock a reasonable dividend play and the company should continue to return capital to shareholders.