DuPont CFO Nicholas FairlyRidikulis Defends Major Shrinkage!
Holds Forth Unconvincingly In Wall St. Journal Interview
Good Evening, Bonsoir, Guten Abend,
Readers, With tortured logic, DuPont's head numbers potentate, CFO Nicholas FairlyRidikulis tries to make a case for dumping over $4 billion or more than 10% of DuPont's yearly revenues by ditching DuPont Performance Coatings. Looking fatigued and flabby in two videos posted by the Wall Street Journal, FairlyRidikulis (who incidentally, according to the official DuPont Webbed-Site has an MBA under his wide belt from the internationally renown Grand Valley College somewhere in rural Michigan) claims it was going to cost too much to invest in car paints. In short, the long-mismanaged DuPont was and is seriously cash-strapped. FairlyRidikulis boasts that DuPont has much better opportunities elsewhere to generate value.
DuPont’s entrenched and inbred Management has not created shareholder value for the entire 21st century! DD hit a peak of 83 and change in 1998 and currently trades for 49. DuPont once the largest and most prestigious chemical enterprise in the world shrank to a lowly number 10 position in revenues by 2008. Moreover, DuPont is facing the consequences of three massive new product failures, DuPont OptimumGAP, tree-killing DuPont Imprelis, and more currently DuPont/Honeywell HFO1234yf, an A/C car refrigerant is in serious trouble as three major German car-makers have rejected the coolant as potentially dangerous. Daimler engineers shockingly discovered the coolant can explode into a highly toxic fireball in a serious crash.
SOURCE: "DuPont CFO Better To Sell Coatings Business Than Invest In It," WSJ, 03-12-13.
Merely the evening commentary of one individual investor and long-time student of the shrinking, sinking, DuPont...funfundvierzig…funfun..
Readers, as many of you know by now, the unprincipled trash in the DuPont Management camp will put out any falsehood or blatant lie in order to smear independently-speaking investors discussing critical issues confronting this deeply troubled conglomerate based in Delaware.
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