1 Reason I’ll Never Sell Garmin
Having a great balance sheet isn't the only reason to buy a stock, but it's a good place to start. An investor can rest easier knowing a company has a cushion for when the economy or business conditions deteriorate.
Garmin (NASDAQ: GRMN), which makes high-tech outdoor recreation devices, has such a balance sheet. It is debt-free, with $2.6 billion in cash and marketable securities as of the end of the most recent quarter. Just as importantly, the company has a successful business that generates significant cash flow to enable continued growth, while also maintaining the balance sheet and paying investors a generous dividend.
Image source: Garmin.
Source Fool.com
