Goodyear's Road Should Be Smoother in 2010

Filed under: Goodyear Tire and Rubber (GT), Stocks to Buy

The stock of The Goodyear Tire & Rubber Company (GT), which I first wrote about on May 5, 2009 at a price of $13.30, has given back most of the gains registered in 2009, but I still like the company's business model and prospects, for several reasons.



First and foremost, it appears the long auto sector depression in the U.S. is over: miles driven fell substantially in 2009, due to fewer drivers and consumer belt-tightening. Further, while no one should expect 1960s-style suburban traffic growth, last year's negative mileage pattern is unlikely to be repeated in 2010.

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Goodyear's Road Should Be Smoother in 2010 originally appeared on BloggingStocks on Tue, 09 Feb 2010 18:00:00 EST. Please see our terms for use of feeds.

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