Morgan Stanley suggested that Garmin company execs are still very bullish on the US consumer and that they are not seeing a slowdown in the U.S. affecting their business. Come again? This is telling me that the quarter has more upside than analysts are anticipating. While I am not sold on the Nuviphone (I think it is a distraction and I would like to see them hook up with someone instead of going it alone), 2008 will surprise a lot of folks.
Stay tuned and pay attention to the forward guidance when they report.
No comments:
Post a Comment