MGDDF News and Press, Compagnie Generale des Etablissements Michelin From 09/10/21

Pricing remains firm, more than offsetting cost increases. Margins recovering even before the benefit of Cooper Tire. Street earnings estimates remain too low. Company winning market share for EV. Stock is a potential double. For further details see: Goodyear Tir...

Ariel Investments’ 13F portfolio value increased from $10.15B to $10.64B this quarter. They added ADT Inc. and increased ViacomCBS, while decreasing Philip Morris and Meredith Corp. The top three positions are Baidu, Philip Morris, and Lazard, and they add up to ~11% of the...

Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDF) Q2 2021 Earnings Conference Call July 26, 2021 12:30 ET Company Participants Florent Menegaux - Chief Executive Officer Yves Chapot - Chief Financial Officer Conference Call Parti...

The following slide deck was published by Compagnie Générale des Établissements Michelin Société en commandite par actions in conjunction with their 2021 Q2 earnings call. For further details see: Compagnie Générale des Établissements Michelin Soc...

Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDF): 1H GAAP EPS of €5.74.Revenue of €11.2B (+19.7% Y/Y)Press Release For further details see: Compagnie Générale des Établissements Miche...

Ariel Investments’ 13F portfolio value increased from $8.88B to $10.15B this quarter. They increased First American Financial & Lazard while decreasing Baidu, Berkshire Hathaway, & ViacomCBS. The top three positions are Baidu, Philip Morris, and Microsoft and they a...

Cooper Tire & Rubber ([[CTB]] +0.2%) and Goodyear Tire Rubber ([[GT]] +0.4%) turn higher after Michelin (MGDDF) says it is hiking prices. Michelon says prices will go up up 6% on select Michelin, VFGoodrich and Uniryoal passenger and light truck replacement tires as well as up to 13% on b...

Morgan Stanley lowers Goodyear Tire & Rubber (GT) to an Equal-weight rating from Overweight on a call tied to valuation. A price target of $16 is established by MS on Goodyear, which works out to 9X the 2022 EPS estimate or 7X the post-deal EPS when synergies are factored in. Analyst...

China's antitrust review of Goodyear's (GT) planned purchase of Cooper Tire (CTB) will likely dictate the timing for the deal, according to United First Partners.UFP expects the deal can close in November and expects "base case" the U.S. antitrust regulators will approve the deal in Phase 1, ...

Michelin Cie Des EstbB (MGDDF): FY GAAP EPS of €3.52.Revenue of €20.47B (-15.2% Y/Y)Press Release For further details see: Michelin Cie Des EstbB reports FY 2020 results