Tontine Partners Discloses 5.45% Stake in Goodyear Tire & Rubber (GT)
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In a 13G filing on Goodyear Tire & Rubber (NYSE: GT), Jeffrey Gendell's Tontine Partners disclosed a 5.45% stake (13,122,066 shares) in the company. A 13G indicates a 'passive investment'.
The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires and related products and services worldwide.
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Goodyear and Women
Goodyear's stock has been on a downward spiral losing almost half its value in one year since its decision to take Lidy Ledbetter to the Supreme Court to say, "women do not deserve the same rights such as fair pay as men.". Lidy's manager said "we do not need women". Since women purchase 65% of new cars, influence 95% of new car purchases, maybe Goodyear does not need women's business as well. The boycott from the NOW Organization has worked. Many women stopped buying Goodyear tires and Goodyear has seen one of the biggest one year drop in the history of their country. Maybe Goodyear should be a little kinder to women. Maybe their should have a talk with women's organizations and tell them that they want to reverse the Supreme Court decision for the betterment of their company and for one of theri largest buying segment - women. Maybe at Goodyear's shareholder meeting, this issue can be brought up. Shareholders deserve their stock to rise - after all, they are paying the big salaries for Goodyear's executives to use common sense decision making to take care of shareholders and their consumers.
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Demographics of Car Buyers
Jackie on Jul 21, 2008 03:26 PMHere is the buyer demographics found on google. Vehicle Type: 5-passenger SUV-type vehicle (EPA classification: station wagon) Buyer Demographics: Young married couples (30-35), median family income $60,000, over 50% female buyers and/or decision makers. Vehicle Type: 4-passenger, front-wheel drive, 2-door coupe Buyer Demographics: The coupe is targeted for the unmarried buyer and young couples without children. The median age is 32, with an annual income of $42,000. Sixty percent of the buyers are expected to be female, and 38 percent will be college graduates. Coupe and Sedan Buyer Demographics Median age: 18–24 Years Median household income: $50,000 Purchaser (male/female): 35%/65% Married: 25% College graduates: 40% Sedan: Buyer Demographics: Median age: 30—40 Years Median household income: $35,000—$50,000 Purchaser (male/female): 35%/65% Married: 55% Children in household: 40%—60% College graduates: 35%—50%