If You Own Garmin Stock, It Could Be Time to Buy More

Famous investor Peter Lynch once said, "You won't improve results by pulling out the flowers and watering the weeds." Well-run, successful businesses (the flowers) tend to continue to outperform, and once an investor finds a company like that, it's just as important to keep focusing your investment resources toward helping those companies outperform in the future rather than pouring your water on the nearby weeds (speculative companies).

One of those "flowering" companies is Garmin (NASDAQ: GRMN), a maker of navigational devices used in automotive and recreational activities. In the last five years, its total return, including dividends, has more than doubled that of the S&P 500. And its future looks even brighter, led by several key areas of the business.

Image source: Getty Images.

Source Fool.com