Risk-to-Price Commentary: BorgWarner Inc. Apr 11
Standard & Poors, April 2011
Abstract
Shares in Goodyear Tire & Rubber Co. rallied more than 12% Friday after the tire company reported a first-quarter profit that trounced the Capital IQ consensus. Total sales climbed to a record high $5.4 billion on strength in North America. "Improvement in North American Tire is a critical element to achieving our targets. North American Tire's first quarter performance strengthens my confidence in our future," Goodyear CEO Richard Kramer stated. Goodyear reported a profit of $0.51 per share, while analysts expected $0.11. A year ago, the company earned $0.18 per share. The news from Goodyear follows a bullish report from the recovering Ford Motor Co. earlier in the week. On April 26, Ford reported first-quarter earnings of $0.62 per share,...
Companies mentioned in this report are: Cooper Tire & Rubber Co.,The Goodyear Tire & Rubber Co.,Johnson Controls Inc.,Harley-Davidson Inc.,Ford Holdings Inc.,Harley-Davidson Funding Corp.,BorgWarner Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Cooper Tire & Rubber Co.,The Goodyear Tire & Rubber Co.,Johnson Controls Inc.,Harley-Davidson Inc.,Ford Holdings Inc.,Harley-Davidson Funding Corp.,BorgWarner Inc.
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