GT - Goodyear Tire & Rubber Company: Still A Great Play Despite The Bumpy Ride

2024-02-13 10:00:44 ET

Summary

• The Goodyear Tire & Rubber Company's financial condition has worsened, but management is implementing changes to improve the company's performance.
• The company reported a decline in revenue and profits for the final quarter of the 2023 fiscal year, but cash flow metrics remained strong.
• Goodyear is working on restructuring its operations, targeting $1.3 billion in improvements and looking to monetize certain assets within its portfolio.

Over the years, one thing that I have found out about myself is that I have a pretty good track record of investing in companies that are turnaround prospects. Most of them turn out quite well. However, it does sometimes require a great deal of patience and time in order for an opportunity to work out....

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