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As I continue to explore the carnage in the auto sector, I feel I should warn American investors to put their "home bias" aside when considering Goodyear Tire & Rubber (GT) and look abroad for potential better opportunities in the industry. While Goodyear has seen their shares slide to 52-week lows near $15.07 and valuation of 6.5x TTM P/E, their profitability and performance are sub-par compared to their European competitors Michelin (OTCPK:MGDDY) and Continental (OTCPK:CTTAY). As the great quote from the Oracle from Omaha goes: