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Daily Archives: September 17, 2008

Problems with Garmin

September 17, 2008
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Here’s the third question in our value investing Q&A series. Please send us any comments or questions. Question: I bought Garmin at 44.  Shortly and suddenly, it went south about 10 points to 35.  What surprise caused such a precipitous drop?  I read that they are stacking up inventory instead of sales, and their new phone product is not ready on time, and they have competition from others cell phone products. I just subscribed recently and this is the first recommendation from you that I bought.   What do you think of the company’s ability to climb out of this...

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Another Observation

September 17, 2008
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We got some great comments from readers regarding Mike’s observations about the financial storm. Here is one of the most insightful: “Mike, Good memo, excellent advice. One should be as “cool as a cucumber”, batten down the hatch, and sit on ones cash. Right now and most of the time “Cash is King”. The worst thing that one can do, is to become like a “blind dog in a meat house” running all over ! Some people are their worst enemy, and their greed, always takes them into a disaster. V.C.” As always, thanks for your comments and please...

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