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Tire makers Goodyear (GT -4.8%) and Cooper (CTB -8.5%) slide after Keybanc downgrades shares to...

Tire makers Goodyear (GT -4.8%) and Cooper (CTB -8.5%) slide after Keybanc downgrades shares to Hold from Buy on uncertainty over the expiration of the Chinese tariff concerning the ultimate impact on pricing and volumes. Tire pricing is declining more than the firm had expected, which will narrow the positive price/mix vs. raw material spread for GT and CTB in Q4.
Comments (1)
  • The US is a GREAT democracy. Obama was given BAD ADVICE by FTC (coz FTC didn't do due diligence & corporate governance broke down). but as Prez Truman said: da Buck stops here. Prez. Bush resisted USW overtures to raise tariffs for all EIGHT years George W was Prez. US consumers got hurt, when 35% tariff came into effect 9/11 2009, US short of MAST (Medium & Small tires). US consumers got hurt in pocketbook; (what else is new) US got consumers taken for a ride (bad pun, ah know) BIG TIME!
    21 Sep 2012, 08:28 PM Reply Like
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