Right. So, Garmin. GPS watches and… other things. Apparently, they’re doing rather well. February was… a month. The stock went up 25.4%, which, honestly, feels almost… aggressive. I mean, in this climate? It’s enough to make you suspect something. But, okay, let’s try to be rational. They’ve announced some projections. 9% growth. Which, if you squint and wish very hard, could be considered… acceptable. It’s a long way from the promised land of 30% returns, but then, what is?
They’re good at under-promising, apparently. Which, as an investor, is… reassuring, in a bleak sort of way. It means they’re not going to dazzle you with unrealistic expectations and then disappoint you with slightly less unrealistic ones. It’s the corporate equivalent of a polite but firm rejection. You know where you stand. Units of overly optimistic predictions avoided: 1. Hours spent researching “safe” investments: 7.
Fitness Obsession
Apparently, everyone is suddenly obsessed with fitness. Who knew? Garmin’s fitness segment is now their biggest. 42% growth year-on-year. It’s terrifying, really. All this data tracking. All this self-improvement. What happened to just… existing? But, okay, fine. People want to monitor their every heartbeat and calorie. Garmin provides. They’ve even added AI-powered nutrition tracking. AI. Because, naturally, we need algorithms to tell us what to eat. I’m starting to suspect the robots are already in charge.
It’s not just fitness, though. They do aviation and marine stuff too. Which, admittedly, I know nothing about. But apparently, those segments are also doing well. Revenue surged 15% overall. Which is… good. I suppose. It’s certainly better than a loss. Number of times I’ve considered taking up sailing: 0.
Shareholder-Friendly (They Say)
They’ve been consistently underestimating their growth, and then exceeding it. It’s almost… suspicious. Like they’re deliberately playing down their success to avoid setting unrealistic expectations. Or maybe they just have terrible forecasting skills. It’s a toss-up, really. But the point is, they’re returning some cash to shareholders. A 17% dividend boost. Which is… nice. I mean, it doesn’t solve all my problems, but it’s a start.
And they’re buying back shares. $500 million worth. Because apparently, they think their stock is a good deal too. Or maybe they’re just trying to artificially inflate the price. It’s hard to tell. I’m increasingly convinced that the entire financial system is just a elaborate game of smoke and mirrors. Number of conspiracy theories currently entertained: 3.
They’ve got a mountain of cash. $4.1 billion. And no debt. Which, in this economy, is practically a miracle. It means they can weather almost any storm. Or at least, they can afford a really nice umbrella.
Their P/E ratio is 26. But, if you factor in all that cash, it comes down to about 22. Which is… less terrifying than 26. It’s still not exactly a bargain, but it’s not a complete rip-off either.
So, is Garmin a good investment? Honestly, I have no idea. But it’s… mildly less terrible than most of the other options out there. And in this market, that’s saying something. I’m going to buy a small amount, mostly so I have something to complain about later. It’s a coping mechanism, really. Hours spent overthinking investment decisions: infinite.
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2026-03-07 17:42