CTB

Cooper Tire & Rubber Co

Industrial/Transportation, Consumer


Presented:01/29/2018
Price:$39.40
Cap:$2.07B
Current Price:$60.17
Cap:$3.02B

Presented

Date01/29/2018
Price$39.40
Market Cap$2.07B
Ent Value$2.10B
P/E Ratio10.15x
Book Value$22.78
Div Yield1.07%
Shares O/S52.44M
Ave Daily Vol728,035
Short Int19.88%

Current

Price$60.17
Market Cap$3.02B
Cooper Tire & Rubber Co. engages in the manufacture and trade of tires. It operates through the following geographical segments: North America, Latin America, Europe, and Asia. It offers replacement tires for light trucks, sport utility vehicles, and passenger cars. The company was founded by John F. Schaefer and Claude E. Hart in 1914 and is headquartered in Findlay, OH.

Publicly traded companies mentioned herein: Cooper Tire & Rubber Co (CTB), Goodyear Tire & Rubber co (GT), Hankook Tire Co Ltd (161390 KS), Cie Generale des Etablissements Michelin SCA (ML FR)

Highlights

The presenter is short shares of Cooper Tire (CTB), identifying the company as particularly challenged by cyclical headwinds in the tire industry due to its heavy exposure to the US market. As tailwinds that have led to CTB over-earning fade while new competition enters the US, CTB could find itself dealing with both top line and margin pressures. The presenter believes CTB is set to revert back to a normalized EPS in the $2.00 - $2.50 range, compared to Street estimates of ~$3.75.

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Idea Discussion

Commentor 1 - 2 weeks ago

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