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Cooper Tire & Rubber Co. Message Board

  • nedelkay nedelkay Dec 31, 2013 11:26 AM Flag

    I thought it's supposed to be breaking out.

    I guess they had to get it down almost a dollar first! Now will it go to 24.75 ?

    Sentiment: Strong Buy

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    • It really does not matter much right now how much the price bounces up and down on a daily basis unless you are a day trader. What really matters is:

      1-Yearend financials. Most likely impairment charges for write down of investment in China.

      2-How does CTB replace lost production in China at Chengsan? They have a (smaller) facility at Kunshan. Maybe they can ramp that up to 3 shifts over 24 hours. Or setup another production facility elsewhere where labor is more friendly.

      3-How does this management recover shareholder value after the major blunder of this merger? This management has been obviously focused on a fast buck for their own quick exit. Now they have to manage CTB for improvement. Are they up to the challenge?

      When all the bad news is out, I would expect the share price to drop further. I am not inclined to buy more until price falls to $20. Too much uncertainly at current price. Has to be a bargain for me.

 
CTB
34.56+0.61(+1.80%)Dec 26 4:04 PMEST

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