2019 NASCAR Schemes

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Rollo75

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Am I led to believe that Dow Chemicals has had some sort of unexplained fall out with Richard Childress Racing and the red Dow diamond won't be appearing on the cars for the remainder of 2019?

Or is this like DuPont and the Axalta thing?
 

Jeremy Murray

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Am I led to believe that Dow Chemicals has had some sort of unexplained fall out with Richard Childress Racing and the red Dow diamond won't be appearing on the cars for the remainder of 2019?

Or is this like DuPont and the Axalta thing?
Axalta is the old DuPont Automotive Finishes. DuPont sold them off and the company had to take on a new name since it was no longer a part of DuPont. That’s why DuPont stopped being on the 24 car.
 
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Rollo75

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DuPont sold them off and the company had to take on a new name since it was no longer a part of DuPont.
This is what I was hinting at.

"The Dow Chemical Company" is a subsidiary of Dow Inc. which is a DJIA component.

Is this a symptom that Dow Chemicals is to be spun out of Dow Inc, or is this just bad blood because Austin Dillon is underwhelming the sponsor's expectations?
 
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Jeremy Murray

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This is what I was hinting at.

"The Dow Chemical Company" is a subsidiary of Dow Inc. which is a DJIA component.

Is this a symptom that Dow Chemicals is to be spun out of Dow Inc, or is this just bad blood because Austin Dillon is underwhelming the sponsor's expectations?
I don't know if that's what's going on here. Usually the way contracts are written nowadays the new company would still likely have to honor that commitment. Like in the case of Axalta, before it was officially called Axalta the car for awhile just said Cromax Pro on it.

From what I found out doing some reading, Dupont and Dow merged a few years ago and so basically what was the main company of Dow is now Dupont. In April this year, they did spin off Dow Inc. into a new company. That company is what owns the Dow Chemical Company.

So it's possible that maybe "old Dow" (now Dupont) was the ones really doing the sponsoring and not the "new Dow" (Dow Inc.). And so if that's the case, maybe Dupont doesn't want to be a part of NASCAR sponsorship so they ended it.

Likely it's just simply something going on behind the scenes that we as fans aren't seeing yet.
 

Rollo75

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I don't know if that's what's going on here. Usually the way contracts are written nowadays the new company would still likely have to honor that commitment. Like in the case of Axalta, before it was officially called Axalta the car for awhile just said Cromax Pro on it.
+1 this
That sounds sensible.

Likely it's just simply something going on behind the scenes that we as fans aren't seeing yet.
+1 always this

15% has fallen off the share price since March; citing the tariff war with China and explosions in Argentina.
 

Rollo75

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I work as an accountant; our tax year in Australia runs from 1 July - 30 June, so that means that I'm starting to do 2018/19 tax returns. That also means that I get to look at dividend notices. One of our clients holds Dow shares; which is why I'm yet again brought back here.

This whole thing got weirder:

https://www.dupont.com/news/dowdupont-completes-spin-off-of-dowinc.html
Today’s announcement completes our first step toward creating three strong, independent growth companies...
- 1st Apr (not a joke)

Those three companies are basically...
- Dow Inc.
- Corteva Agriscience
- DuPont

Which actually means there is a remote possibility of Austin Dillon running a DuPont scheme, if all the chips fell that way. This whole thing is a horse tornado.
 
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Rollo75

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The livery that never was:

“Slayer’s brand image and beliefs and Rick Ware Racing and our long time partners’ image and beliefs do not align.”

You're not hardcore (No ,you're not hardcore) unless you live hardcore... and the legend of Rick Ware Racing was not hardcore.
 

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