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Gone Nowhere in 8 Years

Driven by stunningly incompetent and unethical Management, DuPont has gone rigourously nowhere for more than 11 years. DD has plummeted from a peak in the mid-eighties in May 1998 to 31 and change, Friday, Sept.11, 2009 on much fewer outstanding shares. The total market value of the much shrunken DuPont has collapsed from $110 billion to $29 billion today. ...funfun..

Gone Nowhere in 8 Years

Driven by stunningly incompetent and unethical Management, DuPont has gone rigourously nowhere for more than 11 years! DD traded in the mid-eighties in May 1998; it now trades for 31 and change on much fewer outstanding shares. The total market value of the much shrunken DuPont has collapsed from $110 billion to $29 billion today!...funfun..

Dow, DuPont and Dividends

What DuPont's secretive bosses rarely mention in public is the looming BIG BLACK HOLE in Pharma earnings. Over $1 billion in yearly Pharma pre-tax operating income will soon disappear forever as the patents on two drugs, Cozaar and Hyzaar expire. These drugs are the only assets of the Company's phased-out and fading Pharma business segment, the only segment which showed an increase in PTOI in 4Q 2008, year over year.

The huge yearly loss of over $1 billion in PTOI from Pharma will put enormous pressure on the DuPont dividend, which currently at a yearly rate of $1.64 per share results in an annual cash outflow of $1.5 billion. The dividend must and will be cut in my humble opinion. ...funfun..