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End of the road predicted for Garmin GPS
Jim Cramer, controversial and possibly insane financial wizard, said recently about Garmin’s stock:
“Garmin is having a great Christmas [2007] … I want you to understand that this may be the last great Christmas for Garmin … Enjoy it until Christmas and then sell sell sell.”
Could this be the last great explosion for Garmin GPS? The sniffling Cramer has been saying for some time that, although he has been impressed with Garmin as an investment, the wolves have always been at the door.
On November 27, 2007, he was already predicting that Garmin “will eventually run out of steam” and that its long-term security was “dicey.” He differentiates between Garmin and established companies like Apple and Google, which he says have proprietary products and thus long-term stability.
If Garmin loses its marketshare for whatever reason, it’s possible that another company will rise to take its place, or that consumers will lose interest in GPS altogether and latch onto something else.
So what do you think? Is the market for Garmin GPS navigation devices about the become lost? If so, does this reflect the GPS world as a whole, or just one or a few companies at the top?
