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Chemtura Corporation Message Board

  • suckittome suckittome Oct 11, 2013 11:47 AM Flag

    CHMT Selling off the pieces

    The Bob Wood vision of becoming a specialty chemicals company is finally coming true. Divesting non-core businesses to get to Petroleum Additives as the only money-maker. Took 10 years to get back to Great Lakes-Hatco/Anderol. Oops forgot Orgo...

    At least Rogerson started with the losers PVC, AO/UV but now he is shedding profits. If they can actually net $315M for Consumer that's 10X OP but what to with the proceeds? Return to shareholders? No it will be to pay off all the debt. And if he sells Agro, he's down $800M sales and $100M OP. That leaves a $1.8B sales $180M OP company with GLS/Orgo as breakeven at best to drag them down.

    Time to move company HQ from Philly/Middlebury to WLAF. That will trim the fat cats that will not relocate. And major pay cuts to the Corporate Sr Mgt.

32.78Sep 29 4:02 PMEDT