Seeking Alpha

Shares of Goodyear Tire & Rubber (GT +5.3%) rally after Goldman Sachs upgrades the company to a...

Shares of Goodyear Tire & Rubber (GT +5.3%) rally after Goldman Sachs upgrades the company to a Buy rating with the firm's trends improving in North America and Europe. Analysts with Goldman say they see a better profit profile for the name, a view that falls in line with SA author Qineqt's stance that the tire industry is setting up for high profits with raw materials costs falling.
Comments (1)
  • I guess that Goldman analyst (in spite of 30 rounds of interview) have not read Roger Lowenstein's As America Aged .. pension funds will kill GT in spite of declining raw mat's (only for a moment)

     

    if Singapore based rubber traders are charged under RICO, FCPA, Sherman Anti Trust Act & extradited to the US (just like that Credit Suisse banker based in London), the price discovery will be more kosher
    27 Sep 2012, 10:48 AM Reply Like
DJIA (DIA) S&P 500 (SPY)