DuPont's Big Bumbling Bosses Are Scarred & Scared!
Good Morning, Bonjour, Guten Tag,
Readers, you have seen on the Yahoo! boards the past few days how the groupies and PR plants for Ms. Ellen Kullman, DuPont Chieftess, are doing cartwheels, cheering the unusual rise in the price of the stock. Never mind the dreary shares of this dreary conglomerate have not even reached the price they began the millennium on Jan. 3, 2000 @ 65.
What jacked up the price of DD? No, not some revolutionary breakthrough technology or blockbuster product invented in DuPont's one-time world renown labs. No new leg-up on 3M or Monsanto or Dow. It's the distinct possibility of a break-up, a dismembering of this long flagrantly mismanaged conglomerate!
What is this sick conglomerate worth? Bloomberg reported on July 25, 2013 that Goldman Sachs places the value of the sum of the parts at $50.00 per share. And no one is more adept at pricing assets than the astute financial merchants of Goldman Sachs.
In conclusion, DD trading above 50 is over-priced, given the dismal state of its earnings prospects, and in the midst of continuing falling sales and falling income.
Merely the morning comments of one individual investor with both long and short positions in DD...funfun..
Be that as it may, it went up to 60.18 yesterday before closing at 59.92. Somebody likes it. As for GS, they and their fellow institutions generally lowball stocks when they want to buy. MS tried to pull the same thing on MMM.