They already had their chance. They didn't want it. And Apollo never really wanted it either. The Chinese already grabbed their piece which was the largest market.
I know all about the Chinese JV and the aborted Apollo deal. What does that have to do with what I am saying? In fact it kind of supports my theory. If the Chinese would take extra effort to block CTB's sale to an indian company, perhaps it is because they want CTB for themselves.
You do not have a clue. CTB just sold their Chinese JV to the Chinese partner after much angst and disgust in them blocking the CTB sale to Apollo (and a strike for several months). If you are going to post on this MB, at least check the history before you spout such dribble.
This should be good news for CTB. If the Chinese are looking for technology and brand name (as all the analysts are saying), CTB is a very good choice. CTB has a very good name brand name and technology as it concentrates on the after market where quality is key (as opposed to the OEM market which is mostly based on price). Furthermore, CTB can be had for a fraction of the price of Goodyear or even Pirelli.
I am not sure CTB should sell itself to a chinese company, but the purchase of Pirelli should provide some convincing evidence as to the value of CTB.
I exited at the close today. Nice 32% in 3 months, but seems pretty fully valued to me. Good luck to the longs, maybe it will continue to run. I'm looking at rolling into some oil stock, maybe not immediately.
Do people really drive that much more if gas prices fall? I might #$%$
about high gas prices, but it doesn't make any difference at all how
many miles I drive per year. Gas is a smaller percent of my income
than for the average worker, but still.
CC profit margins should be better with low oil and people will be driving more=== NEW TIRES SWEET wonder if they will get another BUY-OUT OFFER say 60 bucks??? I'll think about it
CTB has just declared it regular dividend. Will the brass ever consider raising it? They and members of the Board do get nice increases. Of course I would vote an increase for myself, if I could!!