MGDDF News and Press, Compagnie Generale des Etablissements Michelin From 09/21/22

Summary Ariel Investments’ 13F portfolio value decreased from $11.27B to $10.02B this quarter. They increased Gentex, Resideo Technologies, and Boyd Gaming while reducing Adtalem Global Education, J. M. Smucker, Aflac, and Trip.com. The top three positions are Baidu, Ph...

Summary Michelin is one of the largest tire producers in the world. The balance sheet is strong, and the cash generation remains strong as well as an inventory build-up should be monetized in the current semester. The stock is down 40% from its January high, and despite worrie...

Summary A new premium tire is born and will support the EV segment. Bridgestone raised the bar with a new plan until 2030. Short-term challenges weigh on the stock price. We wait and see for now. After analyzing Michelin's half-year performance and its Russian ...

Summary Michelin confirms that China is recovering. But they are still far away from the pre-COVID-19 levels. Michelin's July market data showed a continuation of the improvement seen in May and June in the Original Equipment Tires segment. There's positive data also in Europe...

Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDF) Q2 2022 Earnings Conference Call July 26, 2022 12:15 PM ET Company Participants Florent Menegaux - Chief Executive Officer Yves Chapot - General Manager ...

The following slide deck was published by Compagnie Générale des Établissements Michelin Société en commandite par actions in conjunction with their 2022 Q2 earnings call. For further details see: Compagnie Générale des Établissements ...

The Russian exposures of Michelin and Nokian are quite different. The departure of the second leaves competitors a slice of the European market of over half a billion. Nokian is now a potential target. Despite the future uncertainties, Michelin has strong pricing power and they co...

Michelin ( OTCPK:MGDDF ) CEO Florent Menegaux expects supply chain problems to promote a pullback and recession into the next year. The French CEO told Bloomberg in an interview that persistent issues in supply chains, specifically in semiconductors are likely to continu...

Ariel Investments’ 13F portfolio value decreased from $11.86B to $11.27B this quarter. They increased Gentex, Resideo Technologies, and Boyd Gaming while reducing Progressive Corp and Berkshire Hathaway. The top three positions are Madison Square Garden Entertainment, Matte...

Michelin has established itself as the second-largest tire manufacturer in the world. Michelin has global scale and a market-leading position with ~14% share of all global tire sales. We believe Michelin's current stock price is offered at a discount. For further details see...