Quick Read – Goodyear Tire & Rubber (GT) is trading down 48% over the past year at $5.96 per share, with the Goodyear Forward transformation plan delivering $1.5B in cumulative cost benefits and $2.3B in divestiture proceeds redirected toward debt reduction. – Americas…
placement tire volumes fell 23.2% in Q1 and crude oil surged to $100+ per barrel, pressuring Goodyear’s input costs and near-term demand but focus on the company as it executes a structural margin reset. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Goodyear Tire & Rubber wasn’t one of them. Get them here FREE
With the S&P 500 grinding near record highs, contrarian investors are sifting through the rubble of cyclical names for asymmetric setups. Stocks trading under $10 often signal trouble, but they can also flag operational turnarounds the market has stopped tracking. One legacy industrial fits that mold right now: a household-name tire maker that has quietly hit its highest segment operating margin in more than seven years while its share price has been cut in half.
With that in mind, here is one stock trading under $10 where the headline numbers and one key operating metric tell two very different stories. Goodyear Tire & Rubber (NASDAQ: GT) Goodyear Tire & Rubber (NASDAQ:GT) develops, manufactures, and sells tires and related services worldwide from its Akron, Ohio headquarters, with operations spanning the Americas, EMEA, and Asia Pacific. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Goodyear Tire & Rubber wasn’t one of them.