DuPont, The Make-Believe Non-Chemical FOOD COMPANY!
DuPont Bosses Sneer At Dirty Chemicals
Good Morning, Bonjour, Guten Tag, Buon Giorno,
Readers, you can't help but notice in recent weeks, DuPont Chieftess Ellen J. Kullman and her ninth floor groupies, including James Bore-Well, who presides over DuPont AG & DuPont NUT, are busy brainwashing the media and shallow analysts into make-believing DuPont is primarily a FOOD COMPANY supplying things for the kitchen. Ms. Kullman's contempt for "dirty chemicals" could not be more obvious. Never mind two-thirds of DuPont's total business is chemicals and related materials.
If "clearly agriculture is the future" of DuPont, that future is indeed and in fact murky. In the ag arena, Monsanto towers over the lagging DuPont conglomerate in the genetic-engineering of seeds and production and sale of seeds worldwide.
In ag chemicals, rapidly growing Syngenta surpasses the lumbering DuPont in the production and sale of ag chemicals worldwide. And in industrial enzymes and food additives, Novozymes trumps second-rate DuPont, having dismembered and dissolved Danisco within the conglomerate bureaucracy.
Investors, keep in mind, DuPont's last much-touted "innovation" in ag chemicals, the highly toxic tree-killing Imprelis lawn herbicide turned into the largest environmental disaster and most expensive new product failure in 21st century corporate America! At a minimum in our estimation, a couple of $billion or MORE hangs over DuPont in the way of future liabilities to settle tens of thousands of pending litigation claims countrywide.
Merely the morning commentary of one individual investor and long-time student of the free-falling