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Guided Tear Sheet – Garmin Ltd. (GRMN) – October 2016

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Garmin’s flat revenues hide an interesting story – the simultaneous death of purpose-built Automotive GPS devices and birth of the ‘smart watch’ product category. Despite Garmin’s leading market position in wearable GPS devices, avionics, and fishing equipment, we think that the firm is overvalued as it rises over about $50 per share.

This course runs through an analysis of GPS innovator Garmin Ltd. (GRMN) as a capstone to the research we published on the company.

The lessons take you through a step-by-step process of:

  • Understanding the company
  • Collecting important data
  • Analyzing and forecasting valuation driver best- and worst-cases
  • Assessing future growth
  • Understanding the option market’s assessment of the future price of the stock
  • Structuring an option investment
  • Planning a sensible asset allocation for a levered investment

Members are welcome to work through these lessons at their leisure and ask questions during one of the Framework Investing Office Hour sessions or electronically!


Information provided by Framework Investing, LLC, should not be used as  investment advice. Framework Investing, LLC does not act in the  capacity of a Registered Investment Advisor.  For  investment advice geared towards your specific needs, we  encourage you to contact your financial planner or advisor.

Options involve risk and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options.

Seminars and reports are provided to you for educational purposes only. No information presented constitutes a recommendation to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. Framework Investing, LLC does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objections, risk tolerance and liquidity needs.