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Transaction Details

Company: Garmin
Ticker:GRMN
Yahoo Beta:2.21
Industry:Scientific & technical instruments

Company Description:  Garmin, Ltd. designs and sells Global Positioning System (GPS) devices for cars, boats, airplanes, and for outdoor activities. The company has contracts with a number of automobile manufacturers and makes hand-held devices for outdoor sports.

Purchase Date:08 Mar 2007 Sale Date:08 Oct 2008
Purchase Price:$53.03 Sale Price:$25.09
  --Split Adjusted:$53.03  --Split Adjusted:$25.09
Shares Purchased:55 Shares Sold:55
  --Split Adjusted:55  --Split Adjusted:55
Transaction Fee:$71.54 Transaction Fee:$12.96
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$57.66 High$0.00
Date20 Feb 2007 Date01 Jan 1996
Low$42.18 Low$0.00
Date11 Sep 2006 Date01 Jan 1996
S&P (Purchase Date):$1,401.89 S&P (Sale Date):$1,012.78

Purchase
Timing:  The stock is trading down slightly from recent highs.
Reason:  The GPS market is growing and Garmin has contracts with a number of automobile manufacturers makes popular hand-held devices. The company recently received permission to install devices into aircraft and this market is expected to grow significantly.

Sale
Timing:  
Reason:  The overall economy appears weak with falling consumer sales and automobile sales. We believe that Garmin's key markets will be soft in the short term and that its technology may not be dominant in the future.

S&P Gain: -27.76 % Annualized Gain: -19.47%
Stock Gain: -52.69 % Annualized Gain: -39.26%

Dividends:$41.25
Net Holding Return ($): $-1,579.95
Net Holding Return (%): -52.87 %