Goodyear (GT -2.5%) "could go to zero," Wasatch Funds' Michael Shinnick says, citing balance...

|About: Goodyear Tire & Rubber Co. (GT)|By:, SA News Editor

Goodyear (GT -2.5%) "could go to zero," Wasatch Funds' Michael Shinnick says, citing balance sheet weakness and massive underfunding of its pensions. Shares are -7.2% YTD but trade at ~$13, pretty far from zero and well above the 52-week low of $8.53. GT recently showed up in Randall Forsyth’s rundown of companies with the biggest pension shortfalls.