GT

Goodyear Tire & Rubber Co

Industrial/Transportation


Presented:09/27/2017
Price:$33.29
Cap:$8.52B
Current Price:$8.28
Cap:$2.36B

Presented

Date09/27/2017
Price$33.29
Market Cap$8.52B
Ent Value$14.29B
P/E Ratio7.31x
Book Value$19.50
Div Yield1.2%
Shares O/S256.00M
Ave Daily Vol2,921,925
Short Int7.54%

Current

Price$8.28
Market Cap$2.36B
Goodyear Tire & Rubber Co. is engaged in development, manufactures, distribution, and sale of tires and related products and services worldwide. It manufactures and markets numerous lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

Publicly traded companies mentioned herein: Cie Generale des Etablissements Michelin (ML FP), The Goodyear Tire & Rubber Co (GT), 

Highlights

The presenter is short shares of Goodyear (GT), seeing a supply and demand imbalance in the tire market. This coincides with an increase in input costs, and free cash flow is set to see meaningful pressure over the next year. The presenter thinks GT shares can trade down to $26 from $33 today, on the basis of 12x - 14x $2.00 in 2018 FCF.

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Idea Discussion

Commentor 1 - 2 weeks ago

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