Ms. Cull-Men Culling More Money-Making DuPont Businesses!
DuPont Chieftess Prefers The Comfort of Her Kitchen, Corn, Beans, and Food Additives. No Nasty Chemicals For Her Delicate Constitution.
Good Evening, Bonsoir, Guten Abend, Buenas Noches,
Readers, the demolition of Monsanto's archrival DuPont continues. DuPont Chieftess Ellen Cull-Men, an apt student, is aping the destruction of DuPont carried out by her mentor, ex-bumbling DuPont über boss Chad Holliday, Jr.
This afternoon (01-29-13) the media is reporting that DuPont has retained Morgan Stanley to the end of dumping the Company's robust and money-making cyanide business. The business brings in EBITDA of circa $100 million a year.
So the diminution and destruction of this one-time glorious and great global chemical enterprise goes on and on. DuPont "leaders" proclaim, they want to put their resources to work in feeding the planet. What a vague and muddled cosmic goal. But pause for a moment and consider DuPont is only a second-rate player in the ag and food business.
In seeds, DuPont lags embarrassingly behind Monsanto.
In ag chemicals, DuPont lags behind Syngenta. Imprelis, Tell Us!
In enzymes and food additives, DuPont trails behind the world leader, Novozyme.
One more reason of a thousand to avoid the shares of this shrunken and shrinking Delaware conglomerate: The ditching of solid and healthy profit-makers in non-food businesses.
Merely the evening remarks and perspective of one individual investor and long-time student of the
devolving, derailed and degraded DuPont...funfun..
Ms. Cull-Men, DuPont Commander in Chieftess, must be pretty desperate to grab some cash these days? Pawning profitable DuPont businesses in good standing and kicking thousands of dedicated workers out the door. You don't suppose she is facing some fat bills, do you?...
* $1 to $3 billion for a likely penalty set by a federal court jury for stealing and using Monsanto's valuable patent-protected seed technology.
* And God-only-knows, how much, maybe more than $2 billion to settle thousands of Imprelis lawsuits in federal and state courts generated by a big swath of ugly dead trees across the nation's landscape. Imprelis, Tell Us!
The CHEAT-to-COMPETE culture of DuPont Management is getting mighty expensive these days, and Ms. Cull-Men is going to be forced to pay some big bills. Even the derelict Directors on the DuPont Board may begin to take notice.