I havn' t got this completely straight in my mind but there is something here worth chewing on. DD actually sold CC us stock holders of DD. just look at the decline in U.P. of DD to compensate for the CC shares. Then to add additional insults charged CC 4 billion to purchase itself so we the stock holders paid twice. The company with the liabilities was not worth 4 Billion probably not anything.
In addition today it came to light that if CC went bankrupt that DD would still be held liable by the courts if past practice of companies trying to get rid of liabilities is practiced by the courts.
Now I don't know where this will all end but the courts are going to get involved as CC can't pay for the environmental disasters that DD tried to hide in the new company.
please voice your comments I would like to know what some of you think
NEW YORK (TheStreet) -- Shares of DuPont (DD - Get Report) were falling 2.4% to $59.94, hitting a 52-week low of $59.81, Thursday after the chemical company completed the spinoff of its Chemours (CC) performance chemicals business.
Today's successful spin-off advances DuPont's transformation to a higher growth, higher value, global science and innovation company," DuPont Chair and CEO Ellen Kullman said. "We are now fully focused on markets where our science gives the company a distinct competitive advantage, enabling DuPont to drive higher, more stable growth."
I am not crying but sure hate for DD and CC to be my worst investment in years.
your math is flawed. you have to add the dollar value of dd and cc then divide by the number of shares of dd to see what the combined company is worth currently.for instance based on 1000 shares of dd and 200 shares of cc.
dd =$60.25 x 1000 = 60250.00
cc= 16.10 X 200 = 3220
TOTAL VALUE =63470
TOTAL UP = 63470/ 1000 = 63.47 per share.
yeh I would have been pleased to have 75 up but it is just not so.
prices were about noon today. they may go down some more before closing.
DD cut CC labor cost to make it a little bit more palatable but failed to clean its own house. result is price continues down on DD even after screwing CC with massive liability. In today's world a company can't guarantee its management full and rewarding employment for a lifetime including retirement. Its time for the bag lady and the BOD to cut 25% of the worthless management. They won't even be missed.
Shows the true result of the DD BOD decision making ability. Why the big fund managers vote for these clowns? I assume that the BOD is just an extension of the bag lady without any thinking ability or they just don't give a damm about stockholders.
most companies sell their garbage but I guess CC wasn't salable with all of the environmental liability so the bag lady decided to just force it on the stock holders. this will prove to be the CEO blunder of the decade, it could very well bring down DD as their are good managed companies that would like some of the brand names now that the stock holders own the liabilities and not DD
no matter the garbage DD spews I am down $20 per share (taking into effect of CC shares value) since the bag lady put Peltz in his place. Yeh looks like Peltz was good for DD but he bag lady rather collapse the company than admit her bad decisions. WE need to dump the whole BOD for their part in this route and get a new CEO with some intelligence
we long holders of DD sure took a raping from the bag lady and her cronies and BOD. I guess she has shown us what she can do.
CC-wi and DD-wi is setting the starting prices tomorrow. It will quickly change with independant trading.. DD should go and I expect CC to go down some more.
this is a mind twister as to why the big 4 or 5 stock holders didn't bail on the mismanaged breakup of DD. or maybe they di and that is why stock tanked. the bag lady got rid of all she could back in march and april. reckon she might have used insider information to trade so she would lose any money
yeh we got us a real CEO. Stock holders were screwed by this decsion to create a new company and give it to stk holders and relieve DD of all liability. We need a new CEO if we can afford to send this btch packing. It may be like GE and its last CEO still on the king benefit and payroll and has killed GE growth.