GRMN
It is DAMN cheap right now.
It has been on a compounding rate fo growth of 28% for the past 10 years.
That's a bit ridiculous is we were to expect it to keep on earning that kind of growth for the next following years to come, but still, i'm expecting some 11% growth. Even with that kind of expectation, the current ticket price shoud be at somewhere around $46, and with a 50% margin-of-safety, we should expect to collect this stock when it is anywhere below $23/=.
It has been on a compounding rate fo growth of 28% for the past 10 years.
That's a bit ridiculous is we were to expect it to keep on earning that kind of growth for the next following years to come, but still, i'm expecting some 11% growth. Even with that kind of expectation, the current ticket price shoud be at somewhere around $46, and with a 50% margin-of-safety, we should expect to collect this stock when it is anywhere below $23/=.
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Current EPS : $3
Expected Growth: 11%
PE : 22
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Future EPS : $8.5182629582070
Future Price : $187.40178508055
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Dividend % : 0%
Total Div paid : $0
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MOS (no Div): $23.161427585925
MOS (with Div): $23.161427585925
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BUT GRMN IS TRADING AT $19 RIGHT NOW !!!!
and the biggest problem right now is, I DONT HAVE CASH !!!
T_T
T_T
Management seems to be the rational type.
Why?
Because, seeing that the price of GRMN has been sliding for the past months ......
Because, seeing that the price of GRMN has been sliding for the past months ......
.... seems like the management has been stopping the dividend pay out, and instead, buying back its own shares, exploiting the current low price of it, which I think is a very brilliant move.
- 2008 Annual report
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06 May 2009
Bought 20 GRMN @ $21.82
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