Jim Cramer Discusses DuPont (DD)'s Share Buybacks

We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. DuPont de Nemours, Inc. (NYSE:DD) is one of the stocks Jim Cramer recently discussed.

DuPont de Nemours, Inc. (NYSE:DD) is one of the biggest chemical companies in the world. In his appearance on October 10th, Cramer revealed that he owned the stock for his charitable trust and pointed out that owning it with interest rate levels back then would be tough. This time, he discussed DuPont de Nemours, Inc. (NYSE:DD)’s share repurchases:

“Now I spoke to Lori Koch, for a long time there’s many things that’s wrong with the releases, including the fact that they left out kevlar, that was discontinuing operation. So if you actually look, it was down three at one point, if you actually look at the numbers, and you know that the accelerated share repurchase, Goldman Sachs, starts tomorrow, 500 million dollars, and there’s another 2 billion dollars buyback, this is what, it’s very good.

“Yeah what she said imminent, they mean imminent. Now people don’t know that DuPont is no longer the size of the old DuPont. We’re talking about a company that’s only 16 billion. So if you’re buying back two billion, that is substative, David.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.