Thoughts on Garmin? Drop today


I'm bullish on Garmin, just seeing where everyone else is.

*Stock just dropped (22may) 5.5% because some analyst flipped to 'sell'. Not too concerned.

*They beat Q1 earnings estimate by 40%. Q1 is their weakest quarter.

*Whole reason I bought Garmin with long outlook: DoD is using USSF Guardians as beta testers for a new program where wearing the Garmin watch on the daily replaces traditional PT eval. Garmin instinct is the watch of choice for DoD (some are SCIF rated I believe, not an easy feat to achieve) and will certainly be the choosen source if this PT program goes live. This would be a potentially huge contract.


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