Here are updates on two of your buys

Article Excerpt

Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month: GOODYEAR TIRE & RUBBER, $13.19, is a buy. The manufacturers (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (Shares outstanding: 283.4 million; Market cap: $3.7 billion; No dividends paid.) is one of the world’s largest tiremakers, with 57 plants in 23 countries. Goodyear’s shares took a big jump recently after activist investor Elliott Management pushed for changes at the tiremaker. Elliott cited poor profit performance. It also pointed to what it sees as weak board oversight of management and badly timed tire distributions deals. The activist wants Goodyear to add five new board members. As well, Elliott, which owns about 10% of Goodyear, is pushing for a sale of or other action on the company’s 1,000 plus retail stores. Meantime, whether Goodyear will implement any of Elliott’s suggestions is…