All That PR Cotton Candy for Months Has Been Full of Hot Air
Good Evening, Bonsoir, Guten Abend, Buon Sera,
Readers, With sagging fortunes in her much touted but weakened DuPont AG & NUT function (unlike robustly growing Monsanto) Ms. Kullman, DuPont Chieftess was forced today, June 26, 2014, to disclose earnings for Q2 will show pronounced weakness, less than the $1.28 of the year before. Analysts had been projecting $1.46 per share.
"…the revisions to the outlook we made today do not meet the expectations we set for our Agriculture segment or for the company," exclaims a defensive Ms. Kullman.
After all the misleading PR bombast and braggadocio for months, commercial reality sets in deep inside Fortress Wilmington. The lumbering DuPont conglomerate is falling farther behind front-running Monsanto in seed biotechnology and five other producers of ag chemicals, crop protection, whose sales exceed those of the much shrunken and shrinking DuPont.
More dramatic downward revisions for DuPont in sales and income are coming down the road, fellow investors. When Ms. Kullman dumps her chemicals via a spin-off in 2015, she will be knocking off 20% of her total yearly revenues, or $7 billion out of $36 billion, and a big chunk of cash flow which contributes to the obese overhead of this struggling conglomerate.
Sadly for DD shareholders, Ms. Kullman is trying futilely to give DuPont a Monsanto-Makeover. She is a decade too late, and caught with too little scientific talent (DuPont Imprelis, tell us! We won't even mention
Some "redesign initiative" indeed.
Merely the evening commentary of one individual retail investor and long-time student of the degraded DuPont in irreversible decline…funfun..
Unfortunately for DuPont's hapless shareholders, it looks like Ms. Kullman's grand Shrinkage Strategy also extends to shrinking the price of the stock! What a bunch of bumblers bunkered down behind the thick walls of Fortress Wilmington. ...funfun..
General Murders Corporation
Only a few weeks ago, when we questioned the faked figure of "13 deaths" constantly broadcast by dishonest GM executives and their PR con artists, dirty-operating shills for GM Management apparently protested and got every one of our internet comments on related news articles deleted, CENSORED, by CNNMONEY! What a sleazy operation, indeed. Nothing has changed since the days of Ralph Nader.
ENRON ETHICS destroys, does not build shareholder value!
What can you expect when the head of the corporation, the Chairman of the Board of Directors of Bank of America Corp. is none other than Chad O. Holliday, Jr., the ex-Chairman of the DuPont Company, the most corrupt and unethical chemical and ag conglomerate in the world! ...funfun..
Calls the Grinning Gladhander, Chad Holliday, "A Figurehead Without Banking Experience".
THE SUNDAY SIZE-UP
Good Evening, Bonsoir, Guten Abend,
Folks, well-known veteran banking analyst, Mike Mayo, weighed in on the corrupt, mismanaged Bank of America this week past on the occasion of the Bank's annual meeting. With a few precise and stinging words, he sized up Chad Holliday, the Bank's Chairman of the Board of Directors to the "T". We couldn't have said it better:
With a tagline, "Not clear chairman up to the task," Mayo wrote:
"The CEO ran almost the entire meeting, and chairman Chad Holliday only gave a few curt and mostly nonresponsive answers, establishing him in our minds as a figurehead without banking experience. ... "
"Also, he had a poor track record for a decade as CEO of DuPont. per CLSA's agricultural analyst Mark Connelly and Chemical analyst Nils-Bertil Wallin, 'Chad Holliday ran DuPont during a period of dramatic expansion and innovation in the chemical and [agricultural] sectors. During the period, DuPont struggled to keep up in [agriculture], and set and reset performance targets that were rarely achieved, underperforming its peers.' ... For the decade that Holliday was CEO (December 1997 to year-end 2008), DuPont's share price was down 58% and the S&P 500 was down 7%." [Motley Fool, John Maxfield, May 10, 2014]
With only a generic degree in "industrial engineering" (whatever that is) at the U. of Tenn., Mr. Holliday with no earned advanced degrees according to his official bio published previously at the DuPont Webbed-Site, has little financial or accounting background.
Merely THE SUNDAY SIZE-UP digitally penned by one individual investor and long-time student of the degraded DuPont in decline...funfun..
Trying To Give DuPont a Monsanto Makeover. Won't Work!
Good Morning, Bonjour, Guten Tag, Buon Giorno,
Readers, One telling sign of Monsanto's superlative success in the 21st century: Imitation.
Belatedly, Ellen J. Kullman, "Chair" & CEO of the DuPont Company is grappling with her unwieldy Delaware-based conglomerate, trying rather futilely to be the next Monsanto. To this end, Ms. Kullman has ditched $5 billion-a-year in auto paints, along with glass products. Next year, 2015, she is jettisoning her chemicals, including Teflon, TIO2, refrigerants, acids, undsoweiter to look more like agricultural powerhouse, Monsanto.
Trouble for Ms. Kullman is the gap between Monsanto and DuPont continues to widen. Monsanto is the undisputed world-leader in the production and sale of seeds, and seed biotechnology. Monsanto also leads the much shrunken and shrinking DuPont in sales of ag chemicals/crop protection, as does Syngenta, Bayer, BASF, and Dow Chemical.
In the meantime, DuPont Management is compelled every year to shell out hundreds of $millions in license fees to Monsanto in order to put Monsanto's superior genetically-modified traits into DuPont Pioneer's otherwise conventional seeds.
It will be a long, long time before Monsanto is dethroned as the outstanding global powerhouse in agriculture by any competitor, particularly the lumbering and bureaucratic DuPont conglomerate.
Merely the morning commentary and perspective of one individual retail investor, long MON, SYT, DOW, short DD…funfun..
Conspicuous Weakness in DD
Good Morning, Bonjour, Guten Tag,
Readers, it appears more and more investors, including some big players in hedge funds may be questioning the whacky Shrinkage Strategy of Ms. Kullman. Shares of Ms. Kullman's Kitchen Konglomerate ( her bean and corn and food ingredients and awful-tasting soy stuff) have again plunged below 65, now trading off more than 1% at 64 and change.
Ms. Kullman seems to be failing in her grand VISION of giving DuPont a Monsanto-Makeover.
Stay tuned for more cosmetics from Fortress Wilmington under siege.
Merely the morning commentary of one individual investor and long-time student of the degraded DuPont in decline...funfun..
Scrutiny by Analysts Triggered by Embarrassing Sub-Performance by DuPont Senior Management
Good Morning, Bonjour, Guten Tag, Buenos Dias,
Readers & Investors, in a Motley Fool review, "Why DuPont's Warning Calls Its Agricultural Strategy Into Question," July 1, 2014, Bob Cura has provided investors with a succinct and highly readable summation of the faltering strategy of the DuPont leadership TEAM to pull off a Monsanto-Makeover.
Unfortunately for DD shareholders, Ms. Ellen J. Kullman, DuPont Chieftess, is a decade too late and too far behind the leaders in the agricultural arena:
DuPont is in a lowly sixth place in the sale of ag chemicals and crop protection behind world-leader, Switzerland-based Syngenta, followed by Bayer, BASF, Dow Chemical, and Monsanto.
DuPont is an also-ran in seeds, with a growing gap between it and front-running Monsanto, the global leader in seed biotechnology and innovation.
The lack of scientific and managerial talent at DuPont in ag has been conspicuous during the past few years, first with the commercially failed GM seed trait, DuPont OptimumGAP, and then with the $2 billion consumer fraud involving a dandelion herbicide which killed hundreds of thousands of mature landscaping trees country
wide, before being banned by the U. S. EPA. DuPont Imprelis, tell us!
Bottom-line, the much shrunken and shrinking DuPont is in serious, intractable trouble.
Merely the morning commentary and opinion of one individual retail investor, long SYT, DOW, MON, short DD...funfun.
The pained promoters and proponents of DuPont's sub-performing Management are constantly dissimulating and sharing their delusions. Dropping the Q2 estimate from $1.46 EPS down to $1.10 is a BIG revision. It's a revision which shows how Management has been faking "strength" and "growth", particularly in the touted DuPont AG & NUT arena, where DuPont is way behind its superior-managed competitors.
Rumour has it General Motors has retained Lois Lerner formerly of the IRS as a consultant in the area of records destruction, specifically the systematic destruction of e-mails and other inconvenient evidence.
In other GM news, folks, the GM "Leadership" TEAM is chopping up the engineering function into two divisions:
1) Product Integrity, and
2) Components and Subsystems
Segregating "Integrity" from parts? Isn't that what got these bumbling executives in deep trouble in the first place? Two segregated information silos now, instead of one?
It simply gets more comical with every passing Press Release and every frantic move by the big bosses of GM.
Merely the perspective of one individual retail investor with long and short trading positions in GM…funfun..
Much Shrunken DuPont Is Only Sixth in Ag Chemicals in the World
Good Morning, Bonjour, Guten Tag,
Readers, never a day goes past without DuPont's bombastic bosses and their PR flim-flam artists bragging about the "transformed" DuPont becoming a global powerhouse in agriculture. Commercial reality is a very different thing.
Monsanto outsells the lumbering DuPont conglomerate not only in seeds but ag chemicals as well:
Monsanto's Sales, 2013 Ag Chemicals: $4.5 billion versus DuPont, $3.5 billion
Monsanto's Sales, 2013 Seeds: $10.3 billion versus $8.2 bilion.
But it gets worse for the pompous pretenders in Fortress Wilmington. DuPont is way behind the pack in ag chemicals. Syngenta is the world leader, followed by Bayer, BASF, Dow Chemical, and Monsanto. DuPont is a lowly sixth in ag chemicals. The multi-$billion blunder, tree-killing Imprelis,, surely did not help!
Merely the morning commentary of one individual investor and long-time student of the waning, weary DuPont...funfun..
GM executives and engineers are playing Ring-Around-the-Recall.
Pockets Full of Bonus,
Cars All Fall Down"
Folks, the more resentfully uneducated hecklers cheer Ms. Kullman and protest any contrary opinion by launching childish personal attacks, the more you know this lagging Delaware conglomerate is way behind its world-leading competitors, Monsanto, Syngenta, Novozymes, BASF and Dow Chemical. ...funfun..
Anton Valukas is a distinguished Chicago criminal defence lawyer specialising in white collar crime. He did what was best for his clients, the top dogs of the intractably corrupt General Motors Company, with whom he has had a long and lucrative relationship. It was not an "independent" investigation; it was a superb legal defence for you-know-who! ...funfun..
Ah...yes...faking "sales" by channel stuffing, pretending everything is perfectly rosy, as GM trucks and cars jam dealers' lots and pavements at vacant factories and strip malls!
The top executives of this corrupt motorcar company could not be honest if their increasingly miserable lives depended upon it.
Ms. Barra, surely you and your TEAM know that many people, particularly the youngest generation, get most of their information from the internet. What do they see? All over the web they see your zealous supporters shooting off their mouths with all manner of filth and profanity, and cursing independently-speaking investors and readers with differing opinions. Many of your rabid fans are resentfully uneducated, and can barely handle english. Some of these vile hecklers disclose, even brag they work for GM as active or erstwhile employees or Managers! What idiotically clumsy and corrupt PR damage control, futile and abusive. They end up making you and GM look bad, very bad.
You fit into every category after making hundreds of off-topic personal attacks with a pathological obsession and a towering resentfulness from being woefully uneducated.
You forgot one: The 'Tard of Tidewater
And they whine because we dare to throw back one or two of the multitude of verbal grenades constantly hurled our way, folks!
Folks, when you view the vicious harassment and personal attacks coming from the resentfully uneducated and unethical trash in the DuPont Management camp (as you see in the post by the heckler with the misspelled I. D. proudly displaying the Company's ticker symbol), you realise just how far this once great Company has fallen!