GT - Goodyear A Buy On Improving Sales Debt Paydown

• The Goodyear Tire & Rubber Company has been around for 122 years and is currently trading down ~69% from recent highs.
• The coronavirus pandemic has hit sales abruptly during 2020, but they are recovering very fast.
• The balance sheet is overleveraged, but cost-cutting efficiencies will give plenty of room to pay down debt.
• The company should save about $250 million in reduced CAPEX and dividend suspension, and a further ~$200 million from suspended share buybacks.
• This is definitely a turnaround play worth the risk.

For further details see: