Questioning Loeb on Dow Chemical

|About: Dow Chemical Co. (DOW)|By:, SA News Editor

Feeling some pain today as Dow Chemical (DOW +5.1%) is one of his shorts against a long in Eastman Chemical (EMN +0.1%), Tsachy Mishal takes issue with Dan Loeb's long pitch on Dow, calling it "weak and vague."

Dow already has the lowest SG&A expense as a percent of sales in the chemical group, says Mishal, wondering from where Loeb's billions of savings from cost-cuts are supposed to come. Also, how can Loeb say management doesn't disclose enough details on its petrochemicals unit on one hand, and still make the claim there are billions to be saved?

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