Word: goodyears
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Even such a blue chip as U.S. Steel went begging at $73½, which was less than six times what it earned in 1947. Goodyear Tire & Rubber Co. brought only 3½ times its earnings. Other blue chip markdowns...
...Week's 1947 Price- Closing Earning Earnings Stock Price per Share Ratio American Can $78¼ $8 9.8 American Smelting 51½ 12 4.3 Chrysler 58¼ 7.50 7.8 General Motors 51¼ 6.70 8.1 Goodyear Tire 42 12 3.5 Loew's Inc. 16¼ 2.75 5.9 Sears, Roebuck 34⅛ 4.75 7.2 Standard Oil (N.J.) 70 10 7 Texas Co. 54½ 7.50 7.3 U.S. Steel 73½ 12.50 5.9 Westinghouse...
...refer, of course, to the make-up of your Nov. 17 issue, pages 34-35, wherein the Goodyear ad picturing Macy's Thanksgiving Day Parade is in apposition to the photo of the Bolshevik 30th Anniversary Parade in Moscow...
...record touring season last summer increased the demand for tires 10% above 1946. And the rise in labor and material costs nipped the profit margins of tire men. A month ago, General Tire & Rubber Co. announced a 7½% price increase. This week, the Big Four-Firestone, Goodrich, Goodyear and U.S. Rubber-followed suit. Their boosts: from...
...rubber industry, it was almost like the bad old times. Goodyear Tire & Rubber Co., U.S. Rubber Co. and Firestone cut their tire prices about 10% last week to meet a price cut by B. F. Goodrich Co. This brought the cost of a 6.00 x 16, the most popular tire size, down to $14.40, slightly under the 1941 price. To make things worse for tiremen, independent dealers slashed their prices as low as $11.38 by trimming their normal profit of 25 to 30% down to 10% or less. The reason was simple: there were just too many tires...