Citron Research came out strongly against DuPont in a report this afternoon, detailing the many flaws of the Chemours spinoff:

Click here to read the report.

None of this information, including the conclusion that Chemours is headed for bankruptcy, comes as any surprise to us. Bloomberg, CNBC, Barron’s, and others have since picked up on the story, and the markets are finally catching up to what we have been saying since June 2015:

“DuPont’s playing a classic game of pass the trash, except this time lives are at stake.” —Keep Your Promises DuPont Investor Briefing, June 15, 2015

Here is our statement on today’s report:

“DuPont spun off Chemours as a company doomed to fail. For over a year, we have stated that Chemours simply cannot handle the liabilities, and finally Wall Street is catching on. DuPont was and is responsible for the promises it made to mid-Ohio Valley communities, and we fully intend to hold them to those promises.”