Bleecker Street Research
Long/short equity, special situations

Goodyear Tire: Still Room To Run

I first wrote about Goodyear Tire & Rubber (NYSE:GT) on January 31 of this year. In that article I highlighted the global growth potential and the improving margins. Since then Goodyear Tire is up 13%, compared to an 8% return in the Dow for the same period. If you were watching the US Open this week then you probably noticed the Goodyear Blimp, this is only appropriate as the stock has been soaring. While you might feel that you have missed the run in Goodyear, I still think it can go higher.

GT data by YCharts

As you can see from the chart, shares trended down before ripping up since the middle of April. The movement upwards is...

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