2024-03-18 17:21:34 ET
Summary
- The Goodyear Tire & Rubber Company is a well-known tire manufacturer with a significant market share.
- The company is focusing on innovation, partnerships, and a shareholder-friendly approach to improve its performance.
- Goodyear aims to regain market share, expand into higher margin areas, and restore profitability by 2025.
- While debt remains a concern, the company has de-leveraging the balance sheet by paying down debt.
- At 5.3x forward EBITDA, the company trades an unjustifiable discount to peers when we consider the outlook.
Introduction
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Goodyear Tire & Rubber: Why I See At Least 50% Upside For The Stock