Aviation, fitness sales drive Garmin profit; shares jump

Comments (1)
bidrec wrote:

For a year–from July 5th, 2005 to July 5th, 2006. when a certain hedge fund was attacking Fairfax Financial–the sum of the price of GRMN on the Nasdaq at 9:00 pm and the price of FFH on the NYSE at 4:00 pm was equal to $207. This was because the borrowed and shorted stocks together constituted a single loan (for a short sale). As FFH moved up and down in price it was easier to move GRMN’s price inversely than it was to move collateral for the stock loan back and forth. Congratulations to Garmin on its share price but that share price is affected by more than “fundamentals”.

Feb 20, 2014 11:16am EST  --  Report as abuse
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