Garmin (GRMN) Unlikely to Buy Another Company In Response to The Navteq Deal, Says Soliel Securities
More News related to GRMN
- Garmin(R) Unveils Free Stat-Tracking Software for Approach(TM) G5 Golf GPS
- Garmin Ltd. Schedules Its Fourth Quarter 2009 Earnings Call
- Garmin (GRMN) Falls On Reports Nokia To Offer Free Navigation Service
- Garmin(R) z mo(R) 220 Scales Down Size and Price of Motorcycle Navigation
- Garmin(R) Launches BirdsEye(TM) Satellite and Aerial Imagery
More News related to Analyst Comments
- Morgan Stanley Says Buy Commodities on Recent Dip
- JPMorgan Close to Upgrading UAL, AMR, US Airways; Raises Estimates on UAL Following Traffic Results (UAUA, AMR, LCC, more)
- S&P Revises Credit Outlooks On BofA (BAC) and Citi (C) to Negative, Saying No More Free Govenment Handouts
- S&P Revises Outlook on Citigroup (C) from Stable to Negative
- Wedbush Maintains an 'Outperform' on Electronic Arts (ERTS); Lowers PT & Estimates
There has been some recent speculation that Garmin (Nasdaq: GRMN) would go out and buy another company, but Soliel Securities believes that is highly improbable because an all-cash offer would be highly dilutive to Garmin. Soliel Securities says, "...given GRMN's focus as a GPS system vendor with cost-discipline and a homegrown corporate culture, we would be surprised to see it forced into making an excessively large and expensive acquisition purely for defensive reasons."
Garmin is trading down 20% since last Friday.
Related Categories
Analyst CommentsStocks Mentioned
+0.02Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
