Goodyear Tire & Rubber Company Surges On Activist Interest

Summary

  • Shares of The Goodyear Tire & Rubber Company soared over the past two days following interest from activist investor Elliott Investment Management.
  • The firm has taken a roughly 10% interest in Goodyear and is pushing for significant leadership and operational changes.
  • This could prove to be a great catalyst for additional value creation, but even if this does not come to pass, The Goodyear Tire & Rubber Company shares have nice upside potential.
  • Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More »

Closeup shot of a blue Goodyear blimp docked near the field

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The past couple of days have been really fascinating for shareholders and market watchers of The Goodyear Tire & Rubber Company (NASDAQ:GT). After news broke that the company has become a target

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This article was written by

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Daniel is an avid and active professional investor.

He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in GT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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