{"id":265,"date":"2008-08-04T23:05:02","date_gmt":"2008-08-05T03:05:02","guid":{"rendered":"https:\/\/stockherd.com\/moosepond\/?p=265"},"modified":"2012-12-26T14:37:22","modified_gmt":"2012-12-26T18:37:22","slug":"transaction-grmn-low-rig-and-hp","status":"publish","type":"post","link":"https:\/\/stockherd.com\/moosepond\/2008\/08\/04\/transaction-grmn-low-rig-and-hp\/","title":{"rendered":"Transactions:\u00c2\u00a0\u00c2\u00a0GRMN, LOW, RIG, and HP"},"content":{"rendered":"<p>On July 29, we purchased:<\/p>\n<ul>\n<li>15.372 additional shares of Garmin Ltd. (GRMN) at\u00c2\u00a0 $45.34<\/li>\n<li>39.416 additional shares of Lowe&#8217;s Companies Inc (LOW) at $20.22<\/li>\n<li>11.974 initial shares of Transocean Inc. (RIG) at $133.62<\/li>\n<\/ul>\n<p>We sold 27 shares of Helmerich &amp; Payne Inc (HP), a gas and drilling company, at $57.27 reducing the weight of this holding to 2.9%.\u00c2\u00a0 Transocean, a deep sea oil and gas drilling company,<\/p>\n<p>On July 30, we purchased an additional 15.682 shares of Garmin at $39.250.\u00c2\u00a0 Garmin took quite a beating last week when it reduced its 2008 earnings guidance from $4.40 to $4.13 per share.\u00c2\u00a0 Garmin also reduced its revenue guidance from $4.5 billion to $3.9 billion.\u00c2\u00a0 It appears that the bad news is more than reflected in the current stock price of $33.64.<\/p>\n<p>A stock selection guide (SSG) for Garmin can be <strong><a href=\"https:\/\/stockherd.com\/moosepond\/files\/ssg\/grmn_20080804.pdf\">found here<\/a><\/strong>.\u00c2\u00a0 This SSG assumes a reduced revenue growth of 12% and a reduced pre-tax profit marin in five years.\u00c2\u00a0 The SSG assumes a future P\/E of 15 (current P\/E is 8).\u00c2\u00a0 The projected average return is 23.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 29, we purchased: 15.372 additional shares of Garmin Ltd. (GRMN) at\u00c2\u00a0 $45.34 39.416 additional shares of Lowe&#8217;s Companies Inc (LOW) at $20.22 11.974 initial shares of Transocean Inc. (RIG) at $133.62 We sold 27 shares of Helmerich &amp; Payne Inc (HP), a gas and drilling company, at $57.27 reducing the weight of this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_jetpack_memberships_contains_paid_content":false,"_links_to":"","_links_to_target":""},"categories":[10],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/posts\/265"}],"collection":[{"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/comments?post=265"}],"version-history":[{"count":6,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/posts\/265\/revisions"}],"predecessor-version":[{"id":753,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/posts\/265\/revisions\/753"}],"wp:attachment":[{"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/media?parent=265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/categories?post=265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockherd.com\/moosepond\/wp-json\/wp\/v2\/tags?post=265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}