May. 12 at 11:31 PM
$GT Q1 2026 proves the point. A
$249M net loss and an 11.6% drop in tire volume show this isn't a "value play"....it’s a distressed asset. With
$5.2B in long-term debt and a high debt-to-equity ratio of 2.67, the stock is a trap at
$5.86. Wall Street is finally waking up with downgrades, but I’m sticking to my discipline. My math on the 2003 lows, adjusted for inflation and dilution, puts the true floor at
$1.99. I'll wait for the real bottom. No sense catching a falling knife.
