10 Stocks on Jim Cramer’s Radar Recently

7. The Goodyear Tire & Rubber Company (NASDAQ:GT)

Number of Hedge Fund Holders: 37

When a caller asked about The Goodyear Tire & Rubber Company (NASDAQ:GT) during the episode, here’s what Cramer had to say:

“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.”

The Goodyear Tire & Rubber Company (NASDAQ:GT) develops and sells a wide range of tires for various vehicles and equipment, under several well-known brands. The company also offers retreading services, manufactures tread rubber, and provides automotive and commercial repair services. In contrast to the above comment, in 2007, Cramer was more bullish on the company as he stated:

“They did the restructuring, and the stock has been knocked down like every industrial company has… I think you’ve got to stick with Goodyear.”

Since then, The Goodyear Tire & Rubber Company (NASDAQ:GT) stock went down more than 65%.