Garmin (NASDAQ: GRMN), which makes GPS-enabled consumer devices, is a new buy recommendation from value investor Charles Mizrahi. Here's his long-term outlook from his Hidden Values Alert.

"Garmin a leading worldwide provider of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology.

"It designs, develops, manufactures and markets a diverse family of hand-held, portable and fixed-mount GPS-enabled products and other navigation, communications and information products for the automotive/mobile, outdoor/fitness, marine and general aviation markets.

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Radio Shack Corp. (NYSE: RSH) is the top speculative idea for 2007 from Dylan Jovine. The editor of The Tycoon Report notes, "The sale of the season is being offered by an emotionally unstable 'Mr. Market,' who, at the moment, happens to be very depressed on the retail sector in general and Radio Shack in particular.

"Meanwhile, I believe quality management is particularly important to the future prospects of any value investment. It's not the only thing I look at by any means, but with Radio Shack, it's what has me so excited.

"On July 7th of 2006, Radio Shack's board elected Julian Day to become Chairman and CEO of the company. This is the same man who took over at K-Mart and led them out of bankruptcy, increasing the company's value from $1.5 billion to $9 billion.

"The easiest and fastest thing Day will do is to focus on increasing operating margins. I would bet a lot of money -- based on Day's track record -- that he'll turn this ship around inside of the next 18 to 24 months. When Day is done doing his job, the chances are high that Radio Shack's margins will look similar to how they looked in 2000.