Jim Cramer Thinks Nelson Peltz is Right to Call for DuPont Breakup

Trian Partners, the hedge fund founded by activist investor Nelson Peltz, says chemical giant DuPont is under earning and should split itself up. Jim Cramer says there is a big under current here which is DuPont, under CEO Ellen Kullman, has not been able to sell divisions correctly, there is a lot of fat at the company, between $2 and $4 billion, and she guided down earnings a couple times and that's where Peltz has it right. Cramer says look at Heinz, Kraft and Wendy's - Peltz has brought out tremendous value in those companies. Trian has also tried to gain board representation and Cramer says it sounds like a proxy fight is coming.