DowDuPont: The Story Keeps Getting Better
Summary Points:
*The company reported impressive Q3 2017 results, and management guided for a strong finish to the current year.
*This newly created entity has great long-term business prospects and, in my opinion, DWDP's story keeps getting better.
*DWDP's shares are a long-term buy at today's price.
DowDuPont ($DWDP) has had quite a year, as the newly created entity was finally formed after regulators signed off on the merger between Dow Chemical and DuPont in late-2017. Since the merger was completed, DWDP's shares are up 5%, which is slightly better than the performance of the broader market.
The slight outperformance has been nice, but I believe that this global company is well-positioned for the future and has the potential to greatly outperform the market over the next 12-18 months, if not a lot longer. DowDuPont's Q3 2017 operating results and forward guidance made the bull case for DWDP's shares stronger as the company reported top- and bottom-line growth and guided for an impressive finish to 2017.
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