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Cooper Tire & Rubber (CTB.N) - Fundamental Equity Short Idea

Research

Publication Date: 17 Jan 2020 - By Robert Prather By Robert Prather
Actionable
Differentiated

Equity Fundamental Equity USA Automotive

CTB - A company losing market share in a largely commoditized industry with capacity growth that is outpacing demand.

Cooper Tire is the 13th largest manufacturer of tires and 5th biggest in North America. It goes to market under a host of brands, along with some private label. Largely operates in the replacement market and ~90% of revenues are derived from light vehicles (passenger and light truck). United States is nearly 80% of revenues, followed by China at 8%.

CTB

Source: Vision Research Fundamental

Pages: 43

Released: 17 Jan 2020

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The Author

Robert Prather

Equity Analyst

Consumer, Technology, Industrials, Telecom & Media

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