DuPont Bosses Cost-Slash and Degrade DuPont Coatings, & Cry About Low Margins!
Good Evening, Bonsoir, Guten Abend, Buenas Noches,
It's remarkable how an inept DuPont Management and their avowed employees and PR stooges operating over the internet complain that their long struggling DuPont Performance Coatings is under-performing, making little money. But this is the same clumsy Management which for several years severely cost-slashed and degraded this unit of DuPont making car paints and solvents. It's been on sale for a year. And they expect their demoralised and fearful researchers and employees to go all out to innovate, produce, and market??
Funny thing, PPG and Sherwin-Williams have had no trouble making big profits from paints and coatings the past five years. AND PPG AND SHW SHAREHOLDERS, IN SHARP CONTRAST TO DD SHAREHOLDERS, HAVE BEEN RICHLY REWARDED.
Readers, take a look a the closing stock prices from Aug. 7, 2007 and Aug. 8, 2012:
PPG FROM 77 TO 111
SHW FROM 68 TO 140
DD FROM 49.43 TO 50.30
DD shareholders have seen less than a dollar of capital appreciation in five years, 87 cents to be exact!
How dishonest and deceiving, when these sleazy shills and surrogates of DuPont Management over the internet try to pump the flat-lined, stagnant shares of this declining Delaware chemical conglomerate to unsuspecting readers.
Merely, of course, the opinion and remarks of one individual retail investor, and long-time student of the malmanaged and mismanaged DuPont Company, which lost its sheen in the last century.