$13.66
-0.39 (-2.78%)
The Goodyear Tire & Rubber Company (GT)
CAPS Rating:
A manufacturer of tires and rubber products. The Company also manufactures and markets several lines of power transmission belts, hoses and other rubber products and rubber-related chemicals for various applications.
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Goodyear is undervalued trading well under book value. All things related to automobiles has become cyclical. This fear should be used to the value investors advantage. First of all GT sells replacement and OEM tires for all size vehicles (small, mid, large, over-size, heavy etc...) Goodyear is not only tied to OEM markert! People will drive and tires need to be replaced. GT - creates a quaility product and durable good. Although they have been hampered with long-term debt to cost/work agreements they have done an excellent job reducing debt. Q2 of '08 was a record quater! Goodyear will outperform.