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  • Wall Street Breakfast: Greece Battles To Release Funds [View article]
    What is "detrimental" to DuPont is not a proxy fight as Fidelity misguidedly claims, but years of appalling mismanagement by an inbred leadership team which has substituted business slogans for sales, and public relations for profits, and IMAGE-fabrication for innovation.

    Mar 30, 2015. 09:20 AM | 3 Likes Like |Link to Comment
  • DuPont: Under Pressure To Break Up Into More Pieces? [View article]
    The Chemours spin-off could ultimately turn out to be a ticking time bomb for unsuspecting DD shareholders in the courts of the land. Why? We believe one of the secret motivations for DuPont Senior Management to dump 200 years of core competency in chemicals is to purge the DuPont Company of huge current and potential legal liabilities:

    * The continuing remediation costs and liabilities for environmental and safety compliance at DuPont's run-down plants and facilities, such as Pompton Lakes and the Chambers Works in New Jersey, Edge Water, Delaware and La Porte, Texas.

    * Pending are 2545 individual lawsuits brought by gravely ill plaintiffs or their survivors in Ohio and West Virginia arising from decades of covert exposure in drinking water to DuPont's extraordinarily toxic, cancer-causing Teflon chemical, C8, also known as PFOA. Speculating that each suit might carry a settlement value of $2 million, Chemours or DuPont might potentially be on the hook for a staggering $5 billion.

    * Very sizable pension liabilities for the stagnant businesses comprising Chemours.

    In the event of a not unlikely insolvency or bankruptcy of Chemours down the road, some of these massive liabilities might ultimately redound to the DuPont Company.

    Merely the perspective of one individual investor…funfun..
    Mar 30, 2015. 08:51 AM | Likes Like |Link to Comment
  • Fidelity attempts to end DuPont proxy fight [View news story]
    Fidelity leaders may be misguided here. It is not the proxy fight which is "detrimental" to DuPont. What is and has been severely damaging to the much shrunken and shrinking DuPont Company is years of appalling mismanagement.

    Indeed, the last twenty points of inflation in the price of DD shares, we believe can be attributable to the Peltz Bump, the hope that this historically savvy investor can somehow wring some value out of the wreckage of what used to be in the last century, the largest, most financially powerful and innovative chemicals and materials enterprise on the globe.

    Mar 30, 2015. 08:27 AM | Likes Like |Link to Comment
  • Dive Into ConocoPhillips After The Oil Crash [View article]
    For some historical amusement:

    It may seem hard to believe that Conoco, Inc, (before the combination with Phillips) as well as Consolidated Coal were both part of the mighty DuPont Company for some time in the last century. Then in 1998, with oil selling way down to $11 barrel, the oil-hating executives entrenched in Fortress Wilmington dumped Conoco in favour of investing in seeds and "Sustainability Stunts" such as DuPont Corn Cob "Gasoline".

    Pursuing a FOOD-to-FUEL & FABRICS business paradigm, DuPont's bio-fools have been manufacturing motor fuel out of wheat and clothes and carpets out of corn, competing ineffectively and uneconomically in part with the very petroleum enterprise they dumped 17 years ago!

    Flash forward to 2015. ConcocoPhillips has grown and expanded robustly into an international industry giant, whereas the dismembered DuPont Company has shrunk dramatically into its current state of tumult and dysfunction.

    Mar 29, 2015. 02:04 PM | 4 Likes Like |Link to Comment
  • DuPont: A Short Seller's Dream [View article]
    The nine dollar cliff-dive in the shares of this intractably troubled and shrinking conglomerate in just a few days has vindicated Dallas Salazar's compelling analysis and reasoning.

    The undersigned continues in his short position, believing the weaknesses and tumult permeating virtually every operation of this inferior-managed Delaware-based conglomerate will translate into further downside damage to share value.

    Mar 29, 2015. 01:53 PM | Likes Like |Link to Comment
  • DuPont: Management's Universal Proxy Denial Is An Admission Of Failures [View article]
    On a somewhat amusing note, in her Shareholder Letter (and sharply vindictive attack on Nelson Peltz and his Trian Fund), this Monday past, March 23, 2015, Ellen J. Kullman touts her hand-picked and submissively obedient Directors as "World-Class". Well, frankly and personally, we don't think any "World-Class" Board would have allowed Ms. Kullman to arrange for herself a $50 million Platinum Parachute and stuff the DuPont Company with an anti-takeover poison pill against the interests of DD shareholders.

    And any "World-Class" Board would have asked some hard questions, investigated, and fired Ms. Kullman after she commanded and delivered the biggest, most costly new ag product failure and consumer fraud in 21st century corporate America: the extraordinarily toxic tree-killing dandelion herbicide for the lawn, DuPont Imprelis, which brought in $7 million in revenue at a cost of $1.2 billion in losses for DD shareholders. Nor would "World-Class" Directors have allowed Ms. Kullman to bid against herself and grossly over-pay $7 billion for the disastrous acquisition of a now much diminished Danisco.

    Seems Ms. Kullman's "World-Class" Directors are under a bit of investigation by a prestigious corporate law firm, announced this week:

    "Stull, Stull & Brody is investigating potential claims on behalf of shareholders of [DuPont]... concerning whether DuPont's Board of Directors breached its fiduciary duty by authorizing a full separation of DuPont's Performance Chemicals segment The Chemours Company, LLC ("Chemours") and adopting certain anti-takeover provisions which may diminish the value of shareholders' investments."

    Make no mistake. DuPont's Ellen-embracing Board of dominated Directors is there for "Chair" Kullman, not for hapless DD shareholders.

    Merely the opinion of one individual investor and long-time student of the devolving DuPont in decline...funfun..
    Mar 29, 2015. 10:21 AM | Likes Like |Link to Comment
  • Mayo: BofA too big to succeed [View news story]
    We have long contended this complex and opaque financial conglomerate chock full of arcane derivatives and murky assets is beyond the modest competency of its embedded veteran Management to handle.

    Serious investors should not pass the Mayo. This astute Wall Street banking analyst courageously speaks out and shares his insights whereas many of his conflicted and timid counterparts huddle in silence, and ask no hard questions.

    Merely our perspective as a long-time retail investor in bank equities…funfun..
    Mar 27, 2015. 12:33 PM | 6 Likes Like |Link to Comment
  • Dow Chemical to split off chlor-alkali unit, merge it with Olin [View news story]
    It appears the second largest chemical and materials enterprise in the world, behind the leader, BASF, has pulled off a savvy deal benefiting its DOW shareholders.

    Mar 27, 2015. 07:57 AM | 2 Likes Like |Link to Comment
  • General Motors March U.S. sales growth forecast: +0.3% [View news story]
    Sluggish sales and virtually no growth for March may presage pressure on GM shares.

    Mar 25, 2015. 10:06 AM | Likes Like |Link to Comment
  • JinkoSolar, DuPont partner for solar push [View news story]
    The reference is to the joint venture of DuPont, Allied British Foods, and oil giant BP in Hull, England which manufactures costly bio-fuel out of food, namely massive quantities of wheat.

    DuPont's secretive and IMAGE-obsessed Management doesn't exactly want the world to know how perfectly good food for humans is being industrialized in "Sustainability Stunts".

    Mar 25, 2015. 09:26 AM | Likes Like |Link to Comment
  • Bank Of America: Capital Concerns Driving Share Price Down [View article]
    Responding to Bv13, no bio,

    First, if you believe the recorded performance of the current embedded veteran Management of Bank of America has absolutely no relevance to a prognosis for the Bank and the prospects for its long stagnant stock down the road, next quarter and following, that is fine with us. No objections. We simply see otherwise.

    Second, serial ad hominem attacks do not constitute civil discussion and do not belong in this S. A. forum.

    Third, we will not engage in smearing Wells Fargo or any other competitor of Bank of America. Nor will we respond to any reader with an obvious hostile tone, whose apparent objective is protecting Management from any scrutiny or criticism at all costs.

    Mar 25, 2015. 07:45 AM | 2 Likes Like |Link to Comment
  • Bank Of America: Capital Concerns Driving Share Price Down [View article]
    Brad, thank your for your civil thoughts.

    You make a witty and insightful comparison in suggesting Brian Moynihan is the lumbering Chuck Prince of Bank of America! And Citi was better off after Prince was shown the door.

    The increasing intolerance of the cheerleaders for the Bank and its veteran Management to independent opinions and differing viewpoints is a dead giveaway there is much still amiss in this troubled financial conglomerate. Investors beware and be wary.

    Mar 24, 2015. 08:53 PM | 1 Like Like |Link to Comment
  • Bank Of America: Capital Concerns Driving Share Price Down [View article]
    We're not about to crystal-ball the future and guess about the prognosis of this bank; we prefer to look at Management today, and it is largely the same veteran Management which has turned in a mediocre sub-performance for the past five years and has failed time and time again to deliver.

    That said, each to his or her own, and if you are excited about the Management team cemented well in place and think they will bestow bountiful surprises for long-suffering BAC shareholders on the upside, that's fine with us. No objections.

    Mar 24, 2015. 07:21 PM | 2 Likes Like |Link to Comment
  • Is General Motors' Stock Price Going To Hit A Hairpin Turn? [View article]
    Abba is prudent to use trailing P/E because prospective earnings for this troubled car-maker are highly problematic and unpredictable in future quarters.

    Mar 24, 2015. 02:24 PM | Likes Like |Link to Comment
  • Bank Of America: Capital Concerns Driving Share Price Down [View article]
    When it comes to the touted "wealth management" of this bank, why would prudent and intelligent holders of personal wealth want their assets managed by a historically fraud-infested institution with documented hostility to investors, individual, institutional, and governmental? A malmanaged bank which has mismanaged its own wealth so appallingly?

    The stain runs deeply and indelibly and is repelling to would-be clients, as demonstrated in one annual survey after another which shows the ethically bankrupt Bank of America is dead last in customer satisfaction and trust amongst large financial institutions.

    Mar 24, 2015. 02:19 PM | 3 Likes Like |Link to Comment