MGDDY - Michelin Remains Strong With A 7.5% Free Cash Flow Yield And 3.6% Dividend Yield

Introduction

Michelin (OTCPK:MGDDF) (OTCPK:MGDDY) is one of the best-known tire brands for cars and trucks and has done a good job by diversifying into non-tire related business sectors ("specialty business") and pursuing vertical integration by buying its own rubber plantation to secure an almost-guaranteed supply at an affordable price.

Source: Yahoo Finance

Michelin is part of the CAC40 index on Euronext Paris and that obviously is the most liquid trading venue for investors interested in Michelin. The ticker symbol in Paris is ML and with an average daily volume of almost