Author Topic: DWDP - Dow DuPont  (Read 8972 times)

peterHK

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Re: DWDP - Dow DuPont
« Reply #20 on: October 22, 2018, 01:54:02 PM »
http://www.dow-dupont.com/news-and-media/press-release-details/2018/DowDuPont-Announces-Filing-of-Initial-Form-10-Registration-Statement--for-Corteva-Agriscience/default.aspx

http://d18rn0p25nwr6d.cloudfront.net/CIK-0001666700/c19dfce0-5b14-4d89-a622-85da979e872b.pdf

http://www.dow-dupont.com/news-and-media/press-release-details/2018/DowDuPont-Statement-on-Market-Activity/default.aspx

Note that the write down doesn't affect guidance for the year. I think that was already priced in by the market is now killing anything with "the cycle" attached to it (semis, homebuilders, DWDP etc.). DWDP has headwinds now, but I think its incredibly undervalued here given catalysts, synergies etc.


longlake95

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Re: DWDP - Dow DuPont
« Reply #21 on: October 22, 2018, 03:43:35 PM »
Agreed. I’m adding to the common and the leaps here, but it’s not been a fun ride. I have a lot of admiration for Ed Breen.


Liberty

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Re: DWDP - Dow DuPont
« Reply #22 on: November 01, 2018, 03:41:15 AM »
Q3:

http://s21.q4cdn.com/813101928/files/doc_financials/2018/2018/Q3/3Q18-Earnings-Release.pdf

Quote
DowDuPont Reports Third Quarter 2018 Results
• GAAP EPS from Continuing Operations of $0.21; Adj. EPS Increases 35% to $0.74
• GAAP Net Income from Continuing Operations of $535MM; Op. EBITDA Up 19% to $3.8B
• Net Sales Up 10% to $20.1B; Volume and Local Price Gains in All Divisions and All Regions
• Announces New $3B Stock Buyback Program, Expected to be Complete by First Spin
• Increases Cost Synergy Target to $3.6B; Raises Expected YoY Savings to $1.5B
• Reaffirms FY18 Adj. EPS Guidance: Up Low-20s Percent

I posted a few things about it in this thread:

https://twitter.com/LibertyRPF/status/1057984861657579520
« Last Edit: November 01, 2018, 07:08:44 AM by Liberty »
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Spekulatius

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Re: DWDP - Dow DuPont
« Reply #23 on: February 04, 2019, 06:47:41 AM »
Stock is near lows after a disappointing Q4 and Y2019. My thoughts on this is that the “Material” ( polymers) business could be rated downwards, and the other business ( specialty,  agrochemical/ seeds) and Electronics/ imaging could be rated upwards.
Their plastics/material business has done cost advantages from feedstocks ( cheap NG), but it’s probably overearning right now. The valuation premium for the overall company relative to BASF is mostly gone. I think if getting in, but the most interesting time may be after the spins occurred.
To be a realist, one has to believe in miracles.

Liberty

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Re: DWDP - Dow DuPont
« Reply #24 on: February 12, 2019, 08:21:05 AM »
Brand new in-depth two-part writeup about DWDP at Scuttleblurb (subscription required):

https://www.scuttleblurb.com/dwdp1/

https://www.scuttleblurb.com/dwdp2/
"Most haystacks don't even have a needle." |  I'm on Twitter  | The importance of saying 'oops'