A Preferred Way To Play DuPont's CEO Change

October 07, 2015   |   October 2015 Bond Updates
In a crazy 24 hours for DuPont one fact stands out: I'd rather be a creditor of DuPont than an equity holder.  In case you missed it, on Monday night DuPont: Announced the resignation of CEO Ellen Kullman. Announced that board member Edward Breen would assume Ms. Kullman's position while the board searches for a permanent replacement. Slashed earnings per share guidance for 2015 to $2.75 from $3.10. In July DuPont cut its guidance for 2015 EPS to $3.10 from $4.00 and in January it had been $4.00-$4.20.

View more at: http://www.forbes.com/sites/greatspeculations/2015/10/06/a-preferred-way-to-play-duponts-ceo-change/
 
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