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MGDDY - The Michelin Man Is Getting A Lot Of Traction
Compagnie Generale des Etablissements Michelin ADR
Michelin (MGDDY) (MGDDF) is an interesting company. It's one of few European companies of its type with an ADR, making it available to U.S. investors. Michelin's 3.5% yield is unusually high for a European company. Michelin is as much a technology company as it is a tire manufacturer, yet it trades at an attractive multiple. In terms of income, valuation, and diversification, Michelin looks quite appealing. WER sent a buy alert to Institutional Income Plus subscribers in early February.