Goodyear Stock Crashed: Is This a Major Buying Opportunity?
Goodyear (NASDAQ: GT) shareholders did not enjoy the market's reaction to the company's fourth-quarter earnings report, which it released on Feb. 11. The stock started that day above $21 a share -- now, at the time of this writing, it sports a price in the vicinity of $16.00. So what went wrong, and should investors dump the stock, or look to buy in after this crash?
What spooked the market here wasn't so much Goodyear's fourth-quarter earnings as it was the company's 2022 guidance. Specifically, it was management's outlook for "breakeven" free cash flow (FCF) in 2022.
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Source Fool.com
