Tire & rubber industry
Article Abstract:
There has been downward pricing pressure on retreaders and tire producers in the US due to the trade deficit of the 1990s and prices have declined by 4% in 1998. Tire and rubber companies are seeking acquisitions in order to contend with the 2% to 3% annual growth rates for the industry, and are also seeking to contain costs in order to enhance earnings. Most of these stocks are expected to underperform the market in 1999 and through the years 2001-200, as well.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
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Tire and rubber industry
Article Abstract:
1999 is not expected to be a strong year for the tire and rubber industry due to competitive prices and restricted volume growth. The industry's three-to-five-year performance will depend on the success of joint ventures and on companies' success at integrating acquired companies. As a whole, tire and rubber industry stocks are a subpar choice in 1999.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: