The Goodyear Tire & Rubber Company (GT)
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.
Recs
000127
(< 20)
Submitted: 7/22/2009 8:09:19 AM :
Start Price:
$13.42
GT Score:
-13.91
every product you tyouch was delived by a truck......a truck needs tires, rubber.
Recs
1crazystunt
(< 20)
Submitted: 3/29/2007 8:44:13 PM :
Start Price:
$31.10
GT Score:
-37.42
always need more tires
Recs
706bbc944
(< 20)
Submitted: 5/26/2009 2:13:34 PM :
Start Price:
$12.25
GT Score:
-9.33
Not sure what to think about this because there has been very little profit taking. After seeing all of the DUI checkpoints/speed traps this weekend, Im coming to the conclusion that people wont be driving as much in fear of being harrassed by local police and gas prices. I like the tires though.
Recs
aedson
(69.38)
Submitted: 9/29/2006 3:08:43 PM :
Start Price:
$14.57
GT Score:
+6.98
Seems like it is on the upswing.
Recs
automaticaev
(76.91)
Submitted: 4/21/2009 6:06:31 AM :
Start Price:
$8.82
GT Score:
+21.53
buy into tires now for the future
Recs
bachsofrain
(92.25)
Submitted: 12/3/2007 2:47:47 PM :
Start Price:
$28.63
GT Score:
-29.90
oil prices decrease will make the tire cheaper to produce
Recs
beardog12
(< 20)
Submitted: 11/24/2008 7:24:33 PM :
Start Price:
$6.07
GT Score:
+96.87
The biggest problem GY faced was the retirement commitments they have. Secondly steel and oil are down which will equate to substancially higher earnings. The problems with the big 3 won't take this company down. Sales in all the other markets that GY has a strong hold will make this stock perform.
Recs
bigalxc0220
(27.46)
Submitted: 6/27/2007 10:07:18 AM :
Start Price:
$32.91
GT Score:
-36.03
Goodyear has been on fire the past year. I think it has at least another 15-20% upside.
Recs
Bigbruizer
(86.39)
Submitted: 11/15/2008 9:49:55 AM :
Start Price:
$5.48
GT Score:
+119.52
Goodyear is notoriously cyclical and they have their troubles with auto industry but at current prices they are too low to resist. Still the best tires I have owned, Goodyear sells a great product and at these stock prices, I want t cheap gain.
Recs
bilandcarmen
(29.02)
Submitted: 7/21/2007 8:49:16 AM :
Start Price:
$34.93
GT Score:
-35.61
solid company
Recs
Bojac3728
(93.54)
Submitted: 4/10/2009 7:15:20 AM :
Start Price:
$8.40
GT Score:
+32.60
Car owners will always need to replace tires.Good earnings ahead.
Recs
BreakerDc
(46.38)
Submitted: 4/15/2008 12:18:54 PM :
Start Price:
$25.79
GT Score:
+32.64
I am of the opinion that there are a multitude of forces that are about to come together in a 'perfect storm' (of underperformance) for GT.
1. Rubber is already up 14% this year and we still have 3 quarters to go. The increase in rubber prices from 2006 => 2007 was about 3.6% and shaved about 1% off Gross Margin for the year. Looking at the 14% rise so far 3.6% seems tame. I can't imagine that the increase this year is going to do less damage....
2. Oil, as we all know, has been skyrocketing. This is a minor input for GT compared to rubber but still affects a large portion of their product line.
1a,2a. No hedging program (that I could find) to handle these commodity risks.
3. Scary scary US auto market and general economy. Auto sales are predicted to be stagnant at best for the next two years. On top of that the horrible economy means people will defer buying replacement tires or trade down to the cheaper alternatives.
4. ASIAN INFLATION!!!! Inflation is finally catching up with China's breakneck growth (as well as the other Asian economies). Inevitably this is going to affect the cheap production GT has overseas.
The one bright spot is that US sales are no longer a majority of revenue. If GT international demand can keep up they might stave off a cratering in the US. I am still bearish for the medium-long term though.
Recs
COOLSTOCK
(68.03)
Submitted: 7/15/2009 2:38:57 PM :
Start Price:
$12.51
GT Score:
-8.65
a good tire company
Recs
crs1369
(< 20)
Submitted: 2/21/2007 4:46:50 PM :
Start Price:
$25.41
GT Score:
-25.75
Have done a great turnaround. Costs are going to be much less than in the past due to settlement with the union on both health care and salaries. Earnings should start to rise this year.
Recs
Recs
Desertdavid
(21.05)
Submitted: 1/1/2009 11:13:11 PM :
Start Price:
$6.05
GT Score:
+102.99
Big name, good tires, beaten down too low.
Recs
dexion10
(29.63)
Submitted: 3/13/2009 11:54:33 AM :
Start Price:
$5.07
GT Score:
-121.55
4x trouble
1. Euro denominated profits
2. pension plan
3. debt burden
4. demand destruction in auto industry
Recs
donsal
(23.33)
Submitted: 4/5/2007 8:17:47 PM :
Start Price:
$33.35
GT Score:
-39.03
Strong performer, my very best option pic this year!
Recs
drb359
(74.51)
Submitted: 5/16/2008 8:25:01 AM :
Start Price:
$29.31
GT Score:
-32.87
good solid tire
Recs
dtsmotley
(< 20)
Submitted: 7/29/2008 1:46:52 AM :
Start Price:
$19.00
GT Score:
+19.10
Goodyear bought some of the most expensive negative publicity imaginable with the fiasco at the NASCAR Brickyard 400. Their tires will forever be associated with one of the most pathetic races in NASCAR history. This was not a good way for GT to spend their advertising budget.
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