Goodyear’s R&D will spur growth

Article Excerpt

GOODYEAR TIRE & RUBBER, $11.82, is a buy. The manufacturer (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (Shares o/s: 282.9 million; Market cap: $3.3 billion; No divds.) continues to invest in research and development to stay at the forefront of new tire innovations. For instance, at the recent Consumer Electronics Show (CES) in as Las Vegas, Goodyear unveiled a new “demonstration tire” comprised of 90% sustainable material content such as soybean oil and rice husk waste. Going forward, the company aims to shift to those bio-based materials while at the same time protecting or enhancing performance standards. Goodyear Tire & Rubber is a buy. buy. …