CEO Gaffe of the Week: Titan International Inc (TWI)

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This battle between demand and cost has created what appears to be exceptionally cheap valuation for Cooper Tire & Rubber Company (NYSE:CTB) and Goodyear, which operate in the North American and global automotive market. Barring a complete collapse of Europe, these two appear headed for a rebound. However, for Titan, which makes tires for off-highway vehicles and the construction sector, it may see international businesses shy away following its CEO’s comments. Titan is still cheap by most standards at just 9.5 times forward earnings, but Cooper and Goodyear are even cheaper.

This is a PR nightmare that looks bound to haunt Titan for the foreseeable future. If any other CEOs out there are paying attention, just because you’re thinking something, doesn’t mean you should say it. You’ve yet again been warned!

Do you have a CEO you’d like to nominate for this dubious honor? Shoot me an email and a one- or two-sentence description of why your choice deserves next week’s nomination, and you just may see your suggestion in the spotlight.

The article CEO Gaffe of the Week: Titan International originally appeared on Fool.com and is written by Sean Williams.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. He is merciless when it comes to poking fun at dubious CEO antics. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool recommends and owns shares of Whole Foods Market.

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