I Had Not Heard That Garmin Had Been Embezzled To The Tune Of $1.2 Million!

by Anura Guruge

Click to access “Kansas City Star” coverage.

Click to access “Kansas City Business Journal” coverage.

Yikes. I had NOT heard of this and I, in addition to owning a fair amount of Garmin, am an actual Garmin shareholder (and I own a respectable amount of shares (enough to write multiple option contracts)). I only came across it when I was researching the new Actigraph partnership.

Garmin is a BILLION dollar company so this is not that huge, but it is significant. They probably have to sell 6,000 Garmin Fenix 5s to make a $1.2 million profit.

Rather embarrassing.

Just factor this in the next time you try to contact Garmin support.

Related posts:
Search ‘Garmin’.

by Anura Guruge

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s