Garmin Stock Analysis
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Want to lose money fast?
Invest in a consumer discretionary tech stock.
These companies soar in value, only to come crashing down.
Which is why Garmin Ltd. ($GRMN) surprised me.
This is an established, consumer discretionary dividend stock. And a long-term market-beater.
In today’s article, I’ll share what Garmin does.
And why it might be a good investment.
What Does Garmin Do?
Garmin is a tech company that makes GPS systems, smartwatches, fitness trackers, satellite communicators, sonar scanners, and other advanced navigation / communication devices.
Peter Lynch recommends looking around you for investment ideas.
And I became interested in Garmin after noticing a large number of people wearing the company’s fitness trackers at the gym.
Going into my research, I had no expectations for Garmin. Initially believing this would be yet another consumer discretionary penny stock with lackluster returns.
But what I found surprised me…
Garmin Fundamental Stock Analysis
When you think of consumer discretionary tech stocks, you picture businesses like Peloton or GoPro.
Businesses that were exciting and popular, when they were new.
But then, the excitement wore off. And the company’s value came crashing down.
That’s not the case with Garmin.
This is a well-established business with over 30 years of history, stable earnings, quarterly dividend payments, and market-beating performance.
In fact, Garmin stock has delivered a 14.79% average annual return over the past 10 years.
And that’s after the stock fell considerably from its 2021 high.
Garmin is also an income investment. The company has paid quarterly dividends for the past 16 consecutive years, although they haven’t always raised their…
