Goodyear stock down
- Thread starter rog1187
- Start date
Bridgestone is a Japanese company. BFGoodrich is French. Why do you hate Americans so much?
You have fallen into the crowd that thinks the government should be in control of how businesses are run. I don't. I'd rather let the market decide.
I don’t. Those companies have better quality, especially BFGoodrich and their all terrain tires.
Your tires were probably made in Tuscaloosa, AL, Wooburn, IN or Opelika, AL. So they at least produced jobs for Americans. A company that has an office in the States and a labor force in Communist China is hardly American IMO. Not that Goodyear as done that completely yet. Just two large plants.
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at least you are consistent...don't want gov. to control business...sides with China which owns the business...pretty, pretty sneaky. That's one way around it.
Did you read the story you linked? The Goodyear plant in China makes tires exclusively for the Asia-Pacific market. So an American company producing goods abroad to avoid foreign tariffs is bad? Those tires aren't being made for your pickup or any other vehicle in the US.
Also, do you think the fact that people are working from home, hence putting fewer miles on their vehicles, might account for a drop in stock price due to the drop in sales?
I have read plenty about the Belt to Road initiative and how it's stealing jobs from Americans. FFS make the tires in WV or anywhere in the United and ship them to ASIA. The idea of people will be working from home forever is moronic. If you have a job that allows you to play with your balls all day then good for you but there are a lot of Americans that want to go back to work.
It was a $15 stock at the beginning of the year anyway and is down from around $75 from 2 years ago. Obviously the company has been mismanaged for the stock to continue to decline and their recent comments are not going to be helping.
I expect for profit companies to make decisions based on their bottom line. I'd prefer they gave jobs to Americans, but I understand that it might be cheaper for them to make tires for Asia in Asia. If they were shipping those back here, I understand your complaint more. And someone in this thread was singing the praises of non-US companies making tires in the US. Do you think that's due to their America first plan or because it's cheaper to do that?
And you missed the point about working from home. The fact is that people are generally putting fewer miles on their cars. That means they are not having to replace tires as often. I'm not making a point about that being a permanent situation. I'm simply saying fewer miles driven equals fewer tires sold which equals lower profits for tire companies.
Wall Street isn't driven by nervous portfolio managers, retirees looking at their 401(k) statements or any other human traders. Instead, machines are making the trading decisions.
Computer programs execute buy and sell orders based on complex algorithms and formulas, without a human involved in the process.
On a typical trading day, computers account for 50% to 60% of market trades, according to Art Hogan, chief market strategist for B. Riley FBR. When the markets are extremely volatile, they can make up 90% of trades.
Computer programs execute buy and sell orders based on complex algorithms and formulas, without a human involved in the process.
On a typical trading day, computers account for 50% to 60% of market trades, according to Art Hogan, chief market strategist for B. Riley FBR. When the markets are extremely volatile, they can make up 90% of trades.
You can't compete against communist slave labor. We should have never allowed the CCP in the WTO. So now out of National Security we need to end the practice. Everybody isn't going to be working from home forever. It's already past time to get back to work. We need to bring back as much manufacturing jobs as we we can.
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It's time to for people to wake up and realize the CCP and others are working to destroy our country. Crony Capitalist and Neo-Marxist are using our business and education systems to do it.
L
I don't know who Matt Walsh is but that doesn't surprise me. An employee is who leaked all this. My post from Goodyear shows that. Goodyear is spreading Wumao propaganda. If Joe was to win all their plants would close and move their. Who doesn't know craftsman tools are made there now ?
I don't know who Matt Walsh is but that doesn't surprise me. An employee is who leaked all this. My post from Goodyear shows that. Goodyear is spreading Wumao propaganda. If Joe was to win all their plants would close and move their. Who doesn't know craftsman tools are made there now ?