Garmin Is Just Like Madonna – Part 2

I first experience with Garmin was probably with my first job out of college. I went on a business trip, had to rent a car and noticed this big bulky looking portable screen.  I recognized the name “Garmin” right away due to my venture into becoming rich through the stock market, specifically through tech stocks (no, I’m not rich yet).  And so I was eager to test it out.  I remember the map on the screen being very crisp and this dot moving along a green road and every turn I made, the street would reappear on the screen.  It was a pretty cool device.   That was probably my first and last time using a Garmin as in the years that would eventually come, I would have no need for the device.  To be honest, I completely forgot about Garmin until eight months ago, when I questioned why/how were they still in business. 

I first wrote about Garmin eight months ago,

Garmin Is Just Like Madonna 

Garmin, the maker of full-featured GPS navigation systems that take the doubt out of driving as you make your commute or vacation.  However, with the introduction of smart phones and navigation apps, I was sure Garmin was going out of business.  But just like Madonna, who has been in the business for almost 30 years mastered the art of reinventing herself.  And that’s exactly what Garmin did.  Garmin got into the activity tracking and smartwatch business.

And when they crushed earnings for the fourth quarter of 2018, despite the stock at the time rising more than 15%, the charts were suggesting there was more room to grow…by a lot.

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However, there were a couple of speed bumps in the way in the form of daily supply zones.  Since that time price did react to the first one in April and pulled back about $8.

But this is a company that can’t be stopped at the moment.   On Wednesday, Garmin reported third quarter earnings. Not only did the company smash earnings estimates again, but raised their full year guidance. 

Staying true to their core competencies, Garmin has been working in the lab on a product for about 10 years that’s going to compliment the personal air vehicles era called Autoland. Autoland is the first soon-to-be certified automatic landing system that will control and land a plane, by itself, in the event of an emergency.  I know, we don’t even have mass self-driving cars yet, so their first market for this product will be commercial aircraft market.

“The technology will translate across a lot of areas of aviation,” Straub said. “It will be interesting to see how it responds to the nascent urban air mobility environment, where there’s electric vertical takeoff and landing and where autonomy is a big part of what they want to do.”

Pemble said Garmin always has viewed the company in the long term and envisions its autonomous technologies in many segments, such as commercial, the government and the military — markets where Garmin already has traction.

“What we’ve done all throughout our history is approach an opportunity step by step, proving our capability and collecting wins, while building upon those successes,” Pemble said.


I was one who doubted Garmin with the invention of Smart Phones, but now I realize I can never count out Garmin due to their DNA, which is the idea of persistence. The chart suggests the next target is the daily supply at $103.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Two Minute Crypto- Where’s Ma Sick Gainz?

Please click the link below to listen to the 60th episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Consider dropping a like and or a review on iTunes or Podbean if you enjoy the podcast. Comments and critiques welcome.



Where’s Ma Sick Gainz?

Welcome to Two Minute Crypto, today’s episode addresses the financial elephant in the crypto room – gains. Let’s be blunt – 90% of people who first come to crypto do so because of the lure of monetary gain. Sure, some folks find their way to the space because of a prior interest in Libertarianism, financial systems, tech or the nebulas intersection of all three. This path, however, is the exception to the ‘looking for sick gainz’ entry point.

Blockchain has become popular precisely because it has been proven to offer spectacular returns on investment over time or more accurately investment in Bitcoin has offered stupendous returns over the long-term. Year after year it has printed higher highs and higher lows. A popular meme for BTC is ‘Number go up.’ Number go up is powerful juju. Naturally, investors have been attracted by the allure of huge gains.

Those profits remain a possibility but anyone who has spent more than a few months engaged with crypto can attest to the very real downsides that prevail throughout the crypto market. If your approach to the space is to seek out hidden gems and the like, in truth, you are much more likely to lose money than make it. Unfortunately, far too many investors glance at the current price of Bitcoin and come to the entirely mistaken conclusion that value can only be found elsewhere leading to a focus on Alts in all their shiny glory. In fact, BTC has out-performed all other cryptos through time if you measure their performance over a multi-year horizon. A belief that BTC has topped out is simply a reflection of a very surface understanding of the disruptive potential of Bitcoin.

The likelihood of losing money also applies to the large-cap projects – unless you are willing to hold for years.

And this is the key point – there are no reliably sick gainz in crypto unless you are willing to weather the storm of crypto volatility and hold for the long-term. Long term means many years – not one, two or even five but closer to a decade and beyond. This market is plagued by short-term perspectives, hyperbole, and flat-out lies. It’s all going to take time and a lot of it. Sure, you might be lucky and pick a winner that increases 800% in two weeks but you can pursue such luck just as efficiently at a casino or the racecourse. If you are serious about building wealth through crypto investing -shed the rose-tinted glasses -take your time, do your research, make your investments and let them play out for a decade or so.

Thanks for listening.