We've tallied the Fool community's votes, and the best international stock for 2007 is . Cayman Islands-based Garmin (Nasdaq: GRMN ) .
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The Foolish community is overwhelmingly confident that Garmin will be able to use its dominance in the portable GPS navigation market to reward shareholders in the upcoming year and beyond. Fully 1,015 of 1,047 Motley Fool CAPS investors who have rated Garmin believe it will "outperform" the S&P 500 in the future.
Garmin's status as a Motley Fool Stock Advisor selection may contribute to this bullish sentiment. In the October 2005 issue, Motley Fool co-founder David Gardner recommended Garmin shares to subscribers, citing "outstanding profit margins" and the company's large cash position and zero long-term debt. The recommendation has since returned 46% for Stock Advisor subscribers.
Fool contributor Jim Gillies believes more growth is to come. In his article on Garmin, he described how the company's "competitive advantage of in-house engineering and manufacturing" allows it to stay on top of new technologies and get its products to market much faster than its competitors.
Speaking to Garmin's ahead-of-the-curve innovations, its partnership with XM Satellite Radio (Nasdaq: XMSR ) and its integration of Bluetooth technology make a Garmin GPS device not only a tool to help you get around traffic, but also a way to listen to your favorite music or call ahead for pizza. In other words: a multimedia hub.
These competitive advantages may help Garmin rake in some serious cash as GPS devices grow more popular. In fact, according to the Consumer Electronics Association, shipments of GPS devices will grow about 88% in the coming year.
Will Garmin be able to capitalize on the growing demand for GPS navigation devices? What do you think of Garmin's future? Even though the official voting is over, you can still make your voice heard by joining Motley Fool CAPS today. Just follow this link for your free registration.
Other international stocks that garnered a lot of votes in our contest included Toyota (NYSE: TM ) , Baidu.com (Nasdaq: BIDU ) , Sony (NYSE: SNE ) , and Nokia (NYSE: NOK ) .
Even though these stocks didn't win the contest, they all deserve your attention.
Taking your portfolio global and finding quality international stocks will not only help you diversify your assets, but may also reduce portfolio volatility and increase growth potential.
To read the full list of our international stock nominees, click here. Afterwards, check out what other investors are saying about these stocks on Motley Fool CAPS.
Todd Wenning does not own shares of any companies mentioned. Baidu.com is a Motley Fool Rule Breakers pick. XM Satellite Radio was once a Rule Breakers selection. The Fool is investors writing for investors.