The much shrunken DuPont Company as it continues to decline is beginning to look more and more like the General Motors of chemicals!
Both of these one-time mammoth industry leaders (GM was the largest motor company in the world; DuPont, the largest chemical company for most of the past century) suffered for decades from misfiring and mismanaging marginal leaders.
Wow! DuPont which formerly was the largest, and unquestioned leader in the chemical industry has plunged from number one to number eight in the course of a single decade. This dramatic shrinkage was driven by a misfiring and stunningly mediocre Management!
In sharp contrast, BASF and Dow, first and second largest respectively, continue to grow robustly while DuPont continues to shrivel and retreat. DuPont's expected sales for the full year 2009 are projected at an anemic $26 billion. ...funfun..
Cramer's Mad Money - Who Wants Dupont? (12/18/08) [View article]
DuPont has been in a dramatic freefall for over a decade. The same bumbling marginal Management remains intractably embedded, and offers little hope for reversal.
What Management seldom mentions publicly: a looming BIG BLACK HOLE of disappearing earnings. Circa $1 billion in yearly Pharma PTOI will soon begin to vanish with the sure and certain expiration of two DuPont drug patents, Cozaar & Hyzaar, the only assets left in DuPont's faded and phased-out pharma business! ...funfun..
The World's Top Chemical Companies [View article]
Both of these one-time mammoth industry leaders (GM was the largest motor company in the world; DuPont, the largest chemical company for most of the past century) suffered for decades from misfiring and mismanaging marginal leaders.
...funfun..
The World's Top Chemical Companies [View article]
In sharp contrast, BASF and Dow, first and second largest respectively, continue to grow robustly while DuPont continues to shrivel and retreat. DuPont's expected sales for the full year 2009 are projected at an anemic $26 billion. ...funfun..
Cramer's Mad Money - Who Wants Dupont? (12/18/08) [View article]
What Management seldom mentions publicly: a looming BIG BLACK HOLE of disappearing earnings. Circa $1 billion in yearly Pharma PTOI will soon begin to vanish with the sure and certain expiration of two DuPont drug patents, Cozaar & Hyzaar, the only assets left in DuPont's faded and phased-out pharma business! ...funfun..