The investment firm Peridot Capital Mgmt's blog - the Peridot Capitalist Market Blog - has made clear in a post today that it is short on Garmin and its upcoming nuvifone smartphone introduction.
In the medium term, as GPS handsets will become (even more) ultra-competitive and even more hardware players enter the already crowded field, the blog suggests to think of moving off already highly-priced Garmin stock and into other, more revenue-generating and less risky, investments.
Food for thought for the other GPS players out there, both in the mobile and auto industries. Quite a tough market out there considering Garmin has a zero-debt/high-cash position, has a reasonably high PE ratio, and is still getting this kind of rap...
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