The Lousy Mismanagement of Delaware Conglomerate Has Persisted for the Entire 21st Century!
Good Morning, Bonjour, Guten Tag,
Fellow Investors, DuPont's record in the 21st century has been decidedly dismal, a disaster for DD's long-suffering shareholders. Compliments of one modestly educated Tennessee hillbilly, the glibly-talking, gladhanding Chad O. Holliday, Jr, erstwhile DuPont Chairman & CEO and his pet pupil and protege, Ellen "you-know" Kullman, current "Chair" & CEO.
$10K invested in 1999 in the long mismanaged DuPont Company ekes out to a paltry $14K in Q2, 2013, fourteen years later, total investment appreciation plus dividends (not re-invested). Annualized, DuPont feebly grew @ 2.5%. That is hardly the performance of "a great American company" like Monsanto. Or Apple or Microsoft or Amazon or Starbucks.
In smashing contrast, $10K invested in Syngenta in 2002 would have soared, to $101K in Q2 2013. Annualized, that is an impressive growth of 20.2%.
Speaking fundamentally, with recent colossal multi-$billion commercial failures in both ag chemicals (tree-killing DuPont Imprelis), and seeds (faltering GM seed trait DuPont OptimumGAP),
there is little on the horizon which would alter DuPont's outstandingly mediocre trajectory.
Merely the remarks and perspective of one individual investor and long-time student of DuPont in