Goodyear Tire is undervalued - Joseph Lazzaro

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Goodyear Tire is undervalued
Nov 19, 2009 08:30 PM UTC

Joseph Lazzaro

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Via BloggingStocks:

Goodyear Tire & Rubber Co.'s (GT) stock has meandered of late, but I'm nevertheless reiterating my buy rating for the company, first recommended on May 5, 2009 at a price of $13.30. Here's why.

Institutional investors sold GT after the company reported a 15% reduction in Q3 revenue, and the view from here argues the selling was overdone. Goodyear will benefit from tire demand growth in 2010.

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Goodyear Tire is undervalued originally appeared on BloggingStocks on Thu, 19 Nov 2009 15:30:00 EST. Please see our terms for use of feeds.

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