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The Goodyear Tire & Rubber Company (0QLL.L)
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the problem with GT is the interest on their debt
may rise even higher
Goodyear Tire & Rubber Co Effective Interest Rate on Debt % : 4.67% (As of Mar. 2022)
Goodyear is planning to raise prices in the U.S. and Canada on July 1 for all Goodyear- and Cooper-brand consumer tires by up to 10% and on commercial truck tires by up to 6%
Value money and debt is down 50% in the last 5 years .
Price going up 50% in last 5 Years.
At current GT pricing you are buying GT at Covid levels with few businesses open. You as well are getting the entire Cooper tire company for free. Now add in 2 back-to-back earnings that exceeded expectations in spite if higher commodity prices. .
Recession proof. If you don't buy a new car you will need to put new tires on the old car.
Sold 14 call options out thru August
Why do people have 20 year old tires on motor homes?
I would think that rubber has rotted.
$16 or $17 per share ,sounds right for this one, as the US soon slides into recessionary territory than is this a recession proof investment .
$120 barel oil price is not substaineble.
New Tesla Tire.
Goodyear Introduces New Tesla Tire: Specifically for EVs and Model Y
GT is sliding into the turn and could break the barrier this time. That means single digits are possible. If we experience stagflation with continued high oil prices that will be very bad for GT. A highly leveraged company in a highly competitive market with no control over input prices is extremely vulnerable to stagflation. Weakened consumers driving less and holding off buying new cars while oil prices soar is a nasty concoction for GT. Has anyone run numbers on BK risk under adverse scenarios? They've got a lot of junk debt.
Where is Navarre ?
Gosh back to late 2020 levels when I sold 5000 shares to buy other real Cash Flow income choices.
Like WES and EPD took my loss and switched to 100% income investments only. I should have sold at $8.00
when I could have done even better. Buy yourself some real Income on the current dip and just reinvest
that income and you will for sure get wealthier over time.
Two of the worst managed of my former holdings BP and GT.
Hope this might be valuable to someone.
I bought tires ahead of time to avoid price increases.
$6 or $7 per share, sounds about right for this one, as the US soon slides into recessionary territory.
$120 barrel oil ain't helping one bit.
Associated Press is reporting Goodyear 22.5” tires on RV vehicles killed (9) people and injured 68 innocent men, women and children; all with Goodyears knowledge of a major problem with these tires, all the while refusing to recall the questionable tires.
The Justice Dept is evaluating “criminal charges” against Goodyear Executives!!
Its a good year isn t it.
No worries, GT will be back to $25 in no time... right after the 1 for 10.
I was reading on Barron's how GT is positioned best to produce supply the special tires that EV need. You figure all those EV makers and then the owners need these tires that can handle the heavier vehicles! Electric cars are heavier because of the added batteries, reinforced framework and suspension, and the metal armor around the battery to protect it
This is tiring.
So how many other companies can say they have a stock price that is lower today than it was five years ago?
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