Goldman Sachs downgraded the stock of TomTom the navigation devices maker to sell on June, 28-th, 2012. I believe for the right reasons. However a large article was published about two months before that by Wired magazine discussing the problems with the industry at length and predicting that the stand alone navigation GPS devices are doomed and will be extinct soon. In this regard the Goldman Sachs downgrade is late at least two months. That’s why I call it recommendation for losers.