Jim Cramer on Goodyear Tire: "I Haven't Liked the Stock Since 1984"

The Goodyear Tire & Rubber Company (NASDAQ:GT) is one of the stocks Jim Cramer spoke about recently. A caller asked for Cramer’s take on the stock during the episode, and he replied:

“No, you know… No, no, I mean, let’s stick with Deere. No, I mean that’s just a really hard business. It doesn’t even seem to matter who runs it. I haven’t liked the stock since 1984. I’m not going to deviate.”

The Goodyear Tire & Rubber Company (NASDAQ:GT) designs, manufactures, and sells tires for vehicles, aircraft, and industrial equipment under its multiple brands. In addition, the company provides retreading, chemical products, and automotive repair and maintenance services. A caller asked about the company’s stock during the April 3 episode, and Cramer commented:

“Value trap, my friend, value trap. So many people have tried to make this thing work in my career so many times and every time that’s happened, it just doesn’t pay off.”

It is worth noting that the company stock has declined by over 32% since the above comment was aired.

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Disclosure: None. This article is originally published at Insider Monkey.