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Michelin Cie Des Estb ADR (MGDDY)

- OTCPK - Current
  • Jan. 31, 2013, 7:27 AM
    Tire companies (GT, CTB, BRDCY.PK, MGDDY.PK) face higher input costs as the price of rubber goes up with supplies from Asian countries dwindling. Rubber prices are up 4.3% YTD and 54% since their August low.
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  • Apr. 10, 2012, 2:49 PM
    French tire maker Michelin (MGDDY.PK) plans to build its first North American plant in over 15 years with construction slated to begin next week on a factory in South Carolina. The company also plans to expand an existing Kentucky factory.
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  • Jan. 10, 2012, 8:08 AM
    Tire makers Michelin (MGDDY.PK) and Bridgestone (BRDCF.PK) look set to benefit from an increase in demand for tires that's lining right as the firms' raw costs for rubber starts to wane. A 7% increase in global output tied to higher-producing plantations from Indonesia to Ivory Coast has pushed rubber futures down 12% this year already. Other tire names to watch: CTB, GT
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  • Dec. 7, 2011, 2:45 PM
    With the "price of safety" too high right now for high-quality, defensive European stocks, JPMorgan picks a portfolio set to soar in 2012. The top 5: Michelin (MGDDY.PK), Safran (SAFRY.PK), Arkema (ARKAY.PK), ArcelorMittal (MT), and Vinci. All 5 have dividend yields at or towering above the U.S. 10 year, and none are financials.
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Company Description
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Country: France