Buyers Scared Off from Deeply Troubled DuPont Chemicals?
DD Shareholders Aren't Getting Anything New, Same Old, Same Old
Good Morning, Bonjour, Guten Tag,
Ms. Kullman, DuPont Chieftess apparently was unable to find a buyer for her sub-performing chemicals unit. Indeed, would-be buyers may have been scared off by the somewhat buried legal legacy of the Company's chemicals:
* Pending in numerous federal and state courts are tens of thousands of claims for tree losses caused by DuPont's consumer product fraud, DuPont Imprelis, a dandelion lawn treatment masking an extremely efficacious toxic tree-killer. We believe those litigation settlement costs may ultimately top $2 billion or more!
* Lurking are hundreds of $millions required to be expended for medical monitoring ($245 million) and the settlement of scores of individual lawsuits pertaining to DuPont's pollution and cover-up of the extraordinarily toxic, cancer-causing Teflon chemical, C8.
* Nearly one-third of the new car market is now off-limits for the potentially explosive and dangerous DuPont Kullman Koolant (DuPont/Honeywell HFO-1234yf) for car A/C, as Daimler, VW, BMW, and Toyota reject this highly questionable refrigerant touted as "a great DuPont innovation" by DuPont's big bosses.
* Latent environmental illegalities or safety dangers endemic to DuPont's run-down chemical plants, such as acid factories, which have been repeatedly cited over the years.
* Unknown price-fixing, unlawful misconduct for which DuPont has a long documented history.
Caveat Emptor. So now Ms. Kullman is compelled to ditch her disdained chemicals via a spin-off to DuPont's
Merely the morning commentary and perspective of one individual retail investor, and long-time student of the
diminished and disintegrating DuPont...funfun..