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The Goodyear Tire & Rubber Company Message Board

  • aosjdhdjduryffjfjfj aosjdhdjduryffjfjfj Aug 30, 2013 6:53 AM Flag

    Goodyear shareholders want a dividend !!!

    over 12 years without a cash dividend. I am short here at 20 a share, will buy back at 11 a share.

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    • Recent news shows that is very unlikely. GT is about to borrow or issue more stock to fund over 1 billion in pension underfunding so it can freeze hourly pensions! If an investor wants dividends they would be better off buying the ETF.......-DVY-..or ...DLN....or hundreds of other companies that have a solid balance sheet.......IMO.. this one didn't get kicked out of the Dow 30 for no reason!

    • GT has high debt levels which can restrict cash flows. Dividends will come later when the company pays down debt, offers more equity, and generates a consistent high level of cash flow to cushion recessionary times. Dividends can be created by you, however, very easily...if you want a 2% yield just sell 2% of your shares. Its the same concept as a dividend because you get some of the present value of a company up front. Then, if you want more shares, buy back with proceeds of the share sales. Other than transaction costs and taxes, it makes no difference as you get a dividend and have the original amount of shares... yes, you pay for a pacifier.

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