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Huntsman Corporation Message Board

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  • lindmeritage lindmeritage Jun 25, 2009 2:11 PM Flag

    Enough whining and gloating...

    I refer you to the first post in this string. "Wall Street" has not taken a "dim view" of the settlement from HUN's perspective, Wall Street has taken a dim view of the settlement form its own perspective...hopes for a trade of a lifetime windfall were dashed, and it seems that a lot of selling shareholders held those hopes.

    I do not believe that a new buyout is in the's the wrong point in the cycle, but I do believe that the Huntsmans took this settlement so that they would be free to sell the company at the time of their choosing without the complication of an ongoing appeals process.

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    • lots of gamblers bought on margin, so more the stock drops more they have to sell to meet calls. won't stop dropping until gamblers are cleared out.

    • This company is still run like it's private. They left over $4 billion of shareholder money on the table by not taking the sure deal with Basell. Now they settle for a pittance to protect their oversized paychecks and dividend payments for at least the next couple years. Why is such an overleveraged company even paying a dividend?

      The lay off 10% of their staff but then go out and buy a division in India without even disclosing the terms.

      HUN burns through cash like crap through a goose and hasn't really done anything but borrow and spend...settlement money won't last long then they'll be arse deep into the unused debt facilities unless they find a merciful buyer to put shareholders out of their suffering.

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