"The shares, at about 21, are near their 52-week low. But they could jump to 30 over the next 12 months as the crisis recedes. Caveat: If there's another big recall, all bets are off."

"With sales and earnings climbing briskly, the stock's ascent looks far from over. The shares easily could tack on 10% or more annually in the coming years."

"The stock, recently at a four-year low of 18, could shoot to 50 on new sportswear."

"There is no end to market skepticism about Garmin, in part because the company's shares have been a top performer, rising from about 40 back in early 2006, when Barron's recommended the stock. Bears maintain the explosive growth of PNDs will slow, and new competitors like Sony (SNE) and Panasonic will cut into Garmin's profits. But those worries could well be premature." "Sure, the good times have to end, but the big question is when," says Valera, who rates Garmin a Hold. "While I am cautious, it doesn't seem to be happening yet. If Garmin continues to deliver financial outperformance, the stock could continue to head North."