Let's check in on Kraft Heinz today ...
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Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges
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Kraft Heinz loses a lot of cheese as earnings send stock plunging toward record lowKraft Heinz Inc. shares headed toward record lows in after-hours trading Thursday, after the giant food conglomerate delivered bad news with no condiments to sweeten it.
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Kraft Heinz Stock Drops After Announcement Of Big Loss, SEC ProbeIts stock dropped 28 percent after the company announced a $12.6 billion loss for the fourth quarter. It said it was writing down the value of the Kraft and Oscar Mayer names by $15.4 billion.
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Warren Buffett’s Berkshire Hathaway stock falls as big bet on Kraft Heinz soursWarren Buffett’s buy-and-hold strategy doesn’t always work out, as his Berkshire Hathaway is taking a bath on its big investment in Kraft Heinz Inc., after the packaged food company reported disappointing results, slashed its dividend and disclosed an SEC investigation.
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Kraft Heinz fail leaves Buffett and 3G well fedEven after the Velveeta maker’s shares lost more than a quarter of their value, the investors who built it from their 2013 Heinz acquisition have made almost a 50 percent profit. No such luck for Kraft’s original investors. Over three years, they have barely broken even.
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