Opinions
Christine Poole
DowDuPont Inc.
DWDP-N
COMMENT
Nov 13, 2018
The company will spin off into three businesses: chemicals, materials and agriculture likely in 2019. She'd rather wait for the company to spin off these sections and not own all three now. Then, she'll look at the structure and valuation. Analysts feel the sum of the parts isn't reflected in the share price, which is why they're spinning off.
$57.470
Stock price when the opinion was issued
chemicals
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COMMENT
Spin offs? The agra-chemicals business that will be spun off is not a holding he would buy into. There is uncertainty over genetic modification in the agricultural space, but he bought this in the past for the chemical side of the business. Dupont will target the chemical side and is expected to pay a 5% dividend yield.
chemicals
HOLD
It split into three shares. DWDP-N was a holding company and he would continue to hold it. The AG company would be more challenged.
chemicals
DON'T BUY
When they split up the company, they bundled parts of the company he likes with parts he doesn't. Specifically, he doesn't want to be involved in the agricultural parts. The plastics part claims to be capturing content in automotive--but cars are a shrinking industry. If there are further splits, he'll take another look.
chemicals