DuPont Chieftess Spins Cotton Candy & Hawks Her Corn Cob Gasoline and Corn Clothes, Carpets!
Good Evening, Bonsoir, Guten Abend,
Investors, how desperate is Ms. Kullman to fool Wall Street and Main Street with her PR pablum? Desperate enough to show up on Jim Cramer's entertainment show last night with all its clown-like clamouring and noxious noises.
Not unpredictably, the gushing Cramer peddled DuPont as a maker of 50-year old Kevlar and some sort of, get this, "unconventional dynamic scientific problem solver". He shamelessly lauded DuPont as "solving customer problems". Ask Imprelis-damaged claimants how well DuPont's stonewalling and chiselling Management is "solving their problems." As we foresaw, the timorous Cramer did not dare query the cool Ms. Kullman on the greatest new product failure and environmental disaster in 21st century corporate America--DuPont's serial tree-killer Imprelis. A $2 or $3 billion BOO-YA! Not a word about this massive consumer FRAUD executed by DuPont Management and commanded by his idol, Ms. Kullman.
Ms. Kullman was interviewed at her new "DuPont innovation Center" in Des Moines, Iowa, and bragged about her commercially unproven and costly DuPont corn cob "gasoline" (bad mileage ethanol). She vaguely claimed this corn cob fuel will help "fuel" top-line growth (Yeah, right).
Ms. Kullman cited her enzymes as a "growth"-driver, "leveraging integrated science for tremendous opportunities." She neglected to mention that her now dismembered Danisco for which she overpaid $7 billion has been subsumed into the fiefdoms of a couple of big DuPont bosses, and plays a pronounced second fiddle to world leader in enzymes and food additives, Novozymes, S. A.
At times, the gawky Chieftess sounded like a mall chick, punctuating her superficial and glib comments with numerous "you know", "you know". Hardly inspiring to investors.
Merely the observations of one individual investor and MON, SYT, & DD shareholder...funfun..
With almost buffoonish bluster, Cramer shouts that DuPont is an "Innovation Powerhouse". But where are the high-profit new product blockbusters and breakthrough technologies from the once fabled R & D labs of the now severely cost-slashed and shrunken DuPont?
The last two much touted "innovations" in the DuPont AG arena alone have been massive, multi-$billion commercial failures:
* Tree-killing DuPont Imprelis.
* DuPont OptimumGAP, the GM trait which cannot be planted alone by farmers in their fields without risk.
DuPont's much ballyhooed corn cob gasoline, costly bad-mileage ethanol from corn stover, stripping hundreds of thousands of acres of farmland of rich organic material and winter feedstock for farm animals, is hardly exciting, nor are clothes and carpets manufactured out of expensive food (corn).