Dow ahead 6% as Loeb calls for change

"Nearly 15 years ago, an investor could have purchased  Dow shares for the same price that they trade at today," writes Dan Loeb's Third Point, disclosing Dow Chemical (DOW) as its largest current investment.

"These results reflect a poor  operational track record across multiple business segments, a history of under-delivering  relative to management’s guidance and expectations, and the ill-timed acquisition of Rohm &  Haas."

Questioning the company's petrochemicals strategy, Loeb calls for a review to consider a spinoff of the business.

Full letter

Shares +5.9% premarket

Previous coverage

From other sites
Comments (5)
  • rambler1
    , contributor
    Comments (1069) | Send Message
    And in 2009 you could have bought the stock for $6 - $20
    21 Jan 2014, 09:04 AM Reply Like
  • Stock_doc
    , contributor
    Comments (361) | Send Message
    Which I did. Best investment decision I've made so far as an individual investor.
    21 Jan 2014, 09:07 AM Reply Like
  • marc heilweil
    , contributor
    Comments (183) | Send Message
    I agree. CEO Andrew Liveris needs to go on celebrity speaking circuit full time which seems to be his preferred task.
    21 Jan 2014, 09:28 AM Reply Like
  • chopchop0
    , contributor
    Comments (5320) | Send Message
    Better than assuring investors about how safe their dividend is during a financial crisis :)
    21 Jan 2014, 09:46 AM Reply Like
  • chopchop0
    , contributor
    Comments (5320) | Send Message
    Couldn't agree more. I bought in before and during the ill-fated R&H acquisition which was more the fault of the Kuwaitis than anything else. DOW did have its day in court recently.


    Loeb still brings up a valid point.
    21 Jan 2014, 09:30 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs