Citron Research Reports on Garmin (NASDAQ:GRMN)

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Can Garmin navigate their way out of the dead end they’ve driven into ?

Today marks the day that Nokia is shipping their first navigation based phone in to the US
http://hothardware.com/News/Nokias-5800-Navigation-Edition-And-E72-Smartphones-Ship-To-America/

Some have already called this new unit the “PND-Killer”
http://www.twice.com/article/439546-Nokia_PND_Phone_Offers_Free_Services.php
This announcement prompts us to look deeper into the future of navigation leader Garmin.  While we’re reluctant to join a pinata party here, the company’s own comments at Wednesday’s Barclay’s investors’ conference as delivered by its CFO are particularly important for any investor, long or short, looking to establish an opinion on where management is “driving”. Read more