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Huntsman Corporation Message Board

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  • iamthewalrus_3214 iamthewalrus_3214 Jun 25, 2009 2:36 PM Flag

    Enough whining and gloating...

    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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