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E. I. du Pont de Nemours and Company Message Board

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  • Howie58 Howie58 Jul 30, 1999 10:20 PM Flag

    dd news... 2

    But they also see many uncertainties. Another
    problem stated in
    the company's notice to shareholders
    is the Clinton administration's proposal to change
    the tax status of tracking stock--making the
    distribution a taxable event, as I understand it. That may
    limit the amount of "gain" from a spin-off.

    In
    the main--this seems like a good stock for the
    long-term, regardless of the spinoff. Few companies in the
    world can claim to have the amassed brainpower of DD. I
    sense that Holliday means business. The "Gunpowder
    Makers on the Delaware" have been around for nearly 200
    years--they will be around for at least another 200, and make
    lots of money for people in the process.

    I
    admit to a bias. I was a University Scholar at the
    University of Delaware, and the DuPont's Foundation money
    contributed directly and indirectly to subidize my
    Master's--for that I am always grateful.

    Good luck to
    all!

    howie58

 
DD
60.00+0.01(+0.02%)Jul 6 4:02 PMEDT