But Isn't Safety Glass An Integral Part of Ms. Kullman's Touted Food, Fuel, & Protection Boutique?
Good Morning, Bonjour, Guten Tag, Konichiwa,
Readers, the much shrunken and shrinking DuPont Company is getter smaller. This morning, Nov. 21, 2013, DuPont Management announced they were dumping their safety glass business, selling it to Japan-based Kuraray Co., Ltd for $543 million. Ms. Kullman likely needs a lot of cash and needs it now to pay off burgeoning legal claims against DuPont for Imprelis losses. Before it is all over, tree-killing Imprelis, Ms. Kulllman's milestone achievement, will likely cost DD shareholders $2 to $3 billion in charges.
Hmmmm..."Safey Glass"? But isn't that supposed to be part of Ms. Kullman's touted boutique of "Food, Fuel & Protection".
Once the largest and most powerful chemical enterprise on the globe for practically all of the 20th century, DuPont has dumped coal (CONSOL), oil and gas (Conoco, Inc.), medical instruments, fibres and fabrics, pharmaceuticals, paints, auto finishes, and soon-to-be, Teflon, TIO2, acids, fluorochemicals, refrigerants, and now safety glass. Investors get the idea DuPont's mediocre and muddled Senior Management simply does not know how to lead and execute.
Merely the morning remarks of one individual investor and long-time student of the shrinking, sinking