domink

Dow in Cautious Mode

yippee, pay 5bn for Dow Ag and get the rest of the company for free - and what do you do about the debt moron?

Will Rohm & Haas Beat Dow in Court? Not So Fast

once again Todd is talking up his own book, more in hope than in any realistic expectation, must hurt to have been long Dow since the mid 40's and drinking all that liveris kool aid

Kuwait's Desperate Attempt to Save Its Reputation

you are also an idiot if you think SABIC will be interested in DOW's commodity assets - SABIC is hurting badly from one blown acquisition GE Plastics and they bought that business to move away from commodities - no reason for them to double down on commodities - particulalry by diluting their excellent cost position in Saudi - that would just be stupid for them.

Please dont bullshit your way about industries you dont understand - moron

Kuwait's Desperate Attempt to Save Its Reputation

hahaha, this is just wishful thinking on Todd's part and a desperate attempt on Todd's part to save his reputation. After loading up and recommending Dow all the way from the 40's and bigging up and brown nosing Liveris and buying all his bullshit about JV's that will never happen (Ras Tanura) Todd is now clutching at straws.

Do ask your buddy LIveris why "well north of $3 in a trough" leads to an EPS of $1.8 in 2008! He's the biggest idiot in the chemical industry and by falling for his spin, Todd has shown the quality of his judgement.

Dow Chemical JV with Saudi Aramco: Could It Be?

also to your point of the equity outlay for these large projects being negligible - thats simply not true - the Ras Tanura venture alone will require $4bn of equity from Dow between now and 2012 - that adds a good $1bn to annual capex numbers - almost doubling the run rate of capex for the period. Layer on the $4bn in equity contributions and $9bn in assumed debt for ras tanura and then despite the $6.7bn net proceeds from the Kuwaitis the balance sheet doesnt look quite as pristine as it does today

Again, while Dow is a great commodity chemical partner - look at your list again and ask yourself if Singapore, Brazil or China really have access to cheap raw materials. The local companies in those countries pay market price for their feedstock and we've been seeing how well the Russians do JV's with the whole TNK-BP thing.

While i do think Dow is cheap at $34, i believe that your article today is not at all objective and is basically propaganda masked as investment analysis

Dow Chemical JV with Saudi Aramco: Could It Be?

buddy - love the fact that you're so strongly pro Dow etc etc - but you're double counting in this case - the $26bn thats being mentioned is being raised for the Ras Tanura project not for "another" joint venture.

Also while Dow will grow in the middle east - there isnt room in Saudi for another JV with Aramco - Aramco has four large refineries - Yanbu, Rabigh, Jubail and Ras Tanura and the first three already have chemical plants with partners - Exxon, Sumitomo and Shell.

So for all of liveris's far sightedness etc etc Dow is actually very late into the petchem game in Saudi Arabia.