Garmin, a juggernaut?
Garmin is making waves beyond its smart seeming autopilot acquisition today. For one thing, a bit of evidence in the incident involving the 15 British Royal Navy detained by Iran is the clever helicopter photo above, in which a wee little Garmin eTrex is being used to prove the ship was in international waters. Garmin was also selected as a new member of Wired magazine’s 40 most innovative companies, at 22 just above Amazon’s current rating, yet. But maybe the most interesting tell is a call I got today from a hedge fund researcher working on the investment premise that Garmin is such a juggernaut that publicly traded competitors like TomTom and Raymarine may be good shorts. I don’t know much, but I don’t think I’d bet on that.
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