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  • DuPont: Nelson Peltz Is All The Company Has Going For It [View article]
    Only the most gullible and zealous fans of Ms. Kullman would believe that debt-crushed Chemours, read that Shamours, will continue its $2.20 annualized dividend, in the face of mounting hazardous waste and litigation liabilities, not to mention seriously sagging businesses and cash flow pressures. …funfun..
    Jul 31, 2015. 06:48 PM | Likes Like |Link to Comment
  • Reuters: Vote on Moynihan's BofA chairmanship coming this year [View news story]
    If Brian Moynihan CEO reporting to Brian Moynihan Chairman of the Board of his crony Directors of Bank of America Corp, which assesses his performance and lavishes him with a huge personal fortune in pay and perks isn't conflicted and corrupt corporate governance, we don't know what is! …funfun..
    Jul 31, 2015. 06:45 PM | 8 Likes Like |Link to Comment
  • DuPont: Nelson Peltz Is All The Company Has Going For It [View article]
    Metastatic Demoralisation Permeates the Slumping DuPont--
    Motivation of Fearful Employees Evaporates

    Readers, one of the factors Wall Street analysts never mention is the state of morale of this downward spiraling conglomerate. Years of severe cost-slashing and redundancies have taken their toll.

    While much fine talent remains at DuPont, the men and women toiling therein are fearful for their careers and the continuing erosion of benefits. They go through the motions and do not take risks to create and produce. Much of the Company's best talent has been bailing out for years, going to work for far more progressive competitors or lucrative consulting, or taking early retirement. DuPont conspicuously lacks a critical mass of scientific and research talent to innovate and commercialise cutting edge new technologies, in our estimation.

    In a continually shrinking organisation, opportunities for professional and financial advancement shrink. What opportunities which do exist go first to those enjoying the special preferences for gender and colour mandated by Management's merit-free DuPont Diversity Model.

    The takeaway: The deep-down demoraliation of regular employees and middle-level Managers and researchers which has metastasised throughout this sick oranisation will sandbag invention and growth for the future for years to come. The outlook for the dwindling DuPont and derivatively its owners is dismal.

    Merely the perspective of one individual investor at large, and long-time student of the degraded DuPont in decline...funfun..
    Jul 31, 2015. 02:59 PM | 2 Likes Like |Link to Comment
  • DuPont: Nelson Peltz Is All The Company Has Going For It [View article]
    "Hey, Honey, I Shrank the Company Today!"

    Dinner Time Talk at the Kullman Estate in Delaware Three Days Ago, July 28, 2015, After the Sickly Q2 2015 DuPont Results Were Announced

    Readers, the dreary stats are out from Fortress Wilmington for the most recent quarter. Predictably everything is shrinking. So when DuPont Chieftess, Ellen J. Kullman, went home Tuesday tonight and saw her husband for cocktails and dinner, we imagine she could exclaim with profound truth...

    "Hey, Honey, I Shrank the Company Today!"


    * GAAP per share earnings for Q2 2015, $1.03 down from $1.15.

    * Revenues, $8.6 billion, down 12%

    * Full year guidance, down to $3.10 per share.

    * Dividend plummets to 38 cents payable in September, 2015 from 49 cents the prior quarter.

    Everything at the diminished DuPont is shrinking but for the pay and perks of $15 million-a-year Ms. Kullman and the robustly growing compensation for her circa 100 DuPont Presidents, Vice Presidents, and the like.

    Parodically posted but only in part…funfun..
    Jul 31, 2015. 02:33 PM | 1 Like Like |Link to Comment
  • Bank Of America: Big Cracks In The Facade Following Earnings [View article]
    Bank analyst, Dick Bove, did indeed and in fact specifically say,

    "I do believe it [BAC] will double in two to three years".

    SOURCE: CNBC Interview, Wednesday, July 29, 2015, 10:56 AM ET, 1.23 minutes into the video.

    Interested readers can easily GOOGLE it and verify the fact.

    Investors must be on guard against the always present PR damage control and ingrained corporate culture of dissimulation and deception.

    Jul 31, 2015. 12:59 PM | Likes Like |Link to Comment
  • General Motors Could Be The Perfect Value Stock [View article]
    The undersigned individual retail investor has previously commented extensively on General Motors and the quality and performance of its Management and the damaging ingrained corporate culture, and will not repeat our remarks here.

    Moreover, not being psychiatrically trained, we are not in a position to assess Ms. Barra's "mental competence" as you request. …funfun..
    Jul 31, 2015. 12:05 PM | 1 Like Like |Link to Comment
  • General Motors Could Be The Perfect Value Stock [View article]
    "General Motors Could Be The Perfect Value Stock"…but for its integrity-deflated Management mired in mediocrity. While many quantitative metrics may be compellingly bullish, the qualitative picture cannot be ignored by investors.

    Jul 31, 2015. 08:34 AM | 2 Likes Like |Link to Comment
  • Bank Of America: Big Cracks In The Facade Following Earnings [View article]
    Folks, the PR damage controllers and promoters and protectors of Bank of America Management claim it is irrelevant to look at one of the metrics of a CEO's performance, namely the price action of the stock under his or her stewardship as the Chief Executive Officer. We do not agree.

    Mr. Moynihan has been Captain of this ship for more than 5 1/2 years. During that time, BAC has gone from 15 to 18, a time during which the shares of superior-managed banks have soared, and their dividends have grown robustly.

    Moreover, Mr. Bove said nothing about "four years" this morning on CNBC, July 30, 2015. He said he expects a doubling of BAC in 2 to 3 years. We don't know about you, but 24 to 36 months strikes us as a quick doubling, an unrealistic one at that for this long slumbering and slumping financial conglomerate.

    Finally, Mr. Moynihan did not "inherit" anything. He has been at the very top of the Bank's leadership ladder since 2004, part of the ruling regime, and also serving as General Counsel of this financial conglomerate for a time. He is the consummate insider for more than a decade.

    Jul 30, 2015. 07:55 PM | Likes Like |Link to Comment
  • DuPont Could Make Big Profits With Its Strategy [View article]
    "With its Chemours separation, the company received $4 billion of distribution proceeds, which it will use to reduce outstanding shares."

    Translated precisely:

    There were no "distribution proceeds". There was a deliberate stripping of $4 billion of cash by DuPont Management via a dividend from junk bond-financed Chemours, or Shamours, to DuPont. Shamours is left with staggering debt, and DuPont Management has $4 billion in cash to manipulate the price of DD shares by making selective purchases of DD shares from selective owners, hardly a benefit to ordinary investors in Shamours and the Non-Chemical DuPont.

    Jul 30, 2015. 02:44 PM | 2 Likes Like |Link to Comment
  • DuPont Could Make Big Profits With Its Strategy [View article]
    Winning Strategies appears to be buying all the PR hype and hokum from Fortress Wilmington without question.

    May we respectfully demur?

    * Quarter after quarter, year after year of shrinkage and sickly results is hard evidence the "Strategy" embraced tenaciously by DuPont Management has not worked. For 17 years, the illogical Business Model has been and is:


    It has not worked, much to the dismay of long-term holders of these stagnant shares. A Losing Strategy.

    * The touted DuPont AG business is hardly a high growth industry for DuPont, which is dependent upon the superior GM traits generated by better managed players in the ag arena, such as Monsanto, Dow Chemical, and BASF.

    * DuPont's touted "Innovation" in ag is dismal with the colossal failure of its first major attempt to develop and commercialise a GM trait, DuPont OptimumGAP, and the $1.2 billion failure and consumer fraud, Imprelis, Tell Us!

    * In pesticides, ag chemicals, DuPont plays sixth fiddle after world-leading Syngenta, followed by Bayer, BASF, Dow Chemical, and Monsanto again.

    * As for nutrition, Danisco subsumed into the lumbering DuPont conglomerate bureaucracy is a defined laggard to world-leading Novozymes.

    * Finally, why should anyone invest money into DD shares on the basis of the Company's commercially comical DuPont Corn Cob "Gasoline"? This "amazing bio-fuel", bad mileage ethanol manufactured at great cost from corn stover stripped from farmers' fields, has been promised by PR-obsessed DuPont execs for over a decade. It is environmentally destructive and economically disadvantaged, particularly given plummeting petroleum prices. But it sounds good in periodic PRESS RELEASES, full of green gloss and "Sustainability" slogans.

    Jul 30, 2015. 02:26 PM | 1 Like Like |Link to Comment
  • Bank Of America: Big Cracks In The Facade Following Earnings [View article]
    Amusingly, all the bombast from super-bull Bove on the Bank and Brian doesn't seem to be boosting the price of the shares this morning. BAC is off 7 cents to 18.09 moments ago.

    Like many of the Bank fans have done here in the past year (many of whom have disclosed personal and vocational ties with Bank of America), Dick Bove has predicted a quick doubling in price. We simply don't see it. …funfun..
    Jul 30, 2015. 11:13 AM | Likes Like |Link to Comment
  • Did DuPont Investors Make A Mistake? [View article]
    After joisting with Nelson Peltz, spilling him on the ground, Ms. Kullman has retreated behind the thick walls of Fortress Wilmington, hoisting the drawbridge vertically and filling the moat. Therein in dark secrecy, she exercises unquestioned power and continues to plot her maltreatment of ordinary shareholders, ordinary DuPont workers, and ordinary customers. This destructive Management culture devalues equity investment, does not enhance it.

    Merely the perspective of one individual investor and long-time student of the deteriorating DuPont in decline…funfun..
    Jul 30, 2015. 11:00 AM | 1 Like Like |Link to Comment
  • Did DuPont Investors Make A Mistake? [View article]
    Hmmmm…"DuPont plans to transfer $4 billion to selected departing shareholders…"

    Who are these "select" DD shareholders?

    * Select hedge funds?

    * Select major individual shareholders?

    * Select foundations or trusts holding DD shares?

    * Select high-level DuPont or Shamours executives or Directors?

    It appears to us to be another highly questionable act selectively hostile to the great unwashed amongst DuPont owners engineered by DuPont's customarily secretive and evasive Management.

    Jul 30, 2015. 10:39 AM | 1 Like Like |Link to Comment
  • E. I. du Pont de Nemours declares $0.38 dividend [View news story]
    We highly suspect DuPont Management has been playing three-card monte with shareholders. The $0.55 first quarterly dividend for Shamours is nothing short of a teaser rate, bait to get Shamours and DuPont shareholders to buy in (not to mention keep Mr. Peltz and Trian at bay).

    We don't believe a 55-cent, $2.20 annualised dividend is sustainable for Shamours given the staggering debt and massive legacy of legal and environmental problems dumped on to this struggling spin-off with circa $6 billion in yearly revenues.

    In the near future, between DuPont and Shamours, the $1.96 annualised dividend enjoyed by DD shareholders earlier in the year before July 1, 2015, disappears in our opinion.

    Jul 30, 2015. 07:17 AM | Likes Like |Link to Comment
  • Decreasing Net Income Has Been Hindering Dupont's Return On Equity [View article]
    "Something is going awry and I'm going to stay away from the stock."

    We agree heartily with the author's conclusory sentence. Notwithstanding the public pledge of Ellen J. Kullman upon taking over the CEO suite six years ago to make DuPont "more transparent", she has evasively done exactly the opposite.

    Recall the hyper-secrecy and denial pertaining to the largest new ag product failure and consumer fraud in 21st century corporate America, the serial tree-killing dandelion treatment for lawns, DuPont Imprelis? This extraordinarily toxic herbicide touted by DuPont Management as "very environmentally friendly" and the biggest advance in herbicides in 40 years, proceeded quickly to kill and damage hundreds of thousands of mature landscaping trees across the nation before being mercifully banned by the U. S. EPA. Imprelis slammed DD shareholders with $1.2 billion in losses and charges.

    Query, what other hidden disasters and concealed weaknesses permeate this shrinking and dysfunctional conglomerate cloistered in the dwarf state of Delaware? What else is "awry"?

    Jul 29, 2015. 04:01 PM | 4 Likes Like |Link to Comment