The Meltdown Could Be Good for Garmin (at Motley Fool)

Even when things look really bad and are getting worse, I still look for silver linings, even if it means only partial implosion rather than complete disaster. As a long-term shareholder of GPS maker Garmin (Nasdaq: GRMN), I'm wondering if the decay in the markets -- which will undoubtedly herald a long period of lower spending -- might save the company from a costly mistake. Don't get me wrong, the company will certainly suffer -- its shares have already been slapped down almost 75% this year. But I'm hoping to see a strong follow-through from Garmin in making operational changes to accommodate this new environment. The company already has major inventory issues to rectify, but Garmin has also been barreling down a path to capture some of the magic in the smartphone segment spawned by Apple's (Nasdaq: AAPL) iPhone. I'm... [read full story]