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Re: Kraft Heinz Cut to Junk by Fitch Following Lackluster Earnings  

By: Zimbler0 in POPE 5 | Recommend this post (2)
Sun, 16 Feb 20 5:56 AM | 26 view(s)
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Msg. 52106 of 62138
(This msg. is a reply to 52094 by ribit)

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Ribit > ...poor old john kerry might have to go out shopping for another wife soon.

Hmmmmm. . . .
I'm pretty sure warren buffet would have bought out all 'horse turds'
shares when he bought me (and everybody else) out.

Back in June 2013.
I find myself wondering . . if buffet had not bought Heinz, would
it have continued to be a money making dividend paying machine.

I also wonder if buffet (or some partners in the venture) didn't
gut Heinz then spin off the wreckage. Or maybe, thinking they
could net a Yuge profit - they paid too much for it then found
out they couldn't recoup nearly as much profit as they thought.
And broke it trying.

At any rate, HNZ took a big jump when buffet bought it. I started
buying in 2000 . . . In 2002 They swapped some stuff with Del
Monte and I got Del Monte stock (plus my HNZ).

I had $12,500 cost basis in it in 2013 when buffet bought it. The
check was $21,851. Add in about $3300 in dividends And my total
return was about $25,169.

The rule of 72 - 72 divided by 13 years gives me about a 5.5 %
return. Which is low-balling it as it was in a Direct Stock
Purchase plan and I bought more over the years.

Over all I'm happy with how my HNZ turned out. (Big Gapital Gain
to pay taxes on . . . but nice profit.)

Zim.




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The above is a reply to the following message:
Kraft Heinz Cut to Junk by Fitch Following Lackluster Earnings
By: ribit
in POPE 5
Sun, 16 Feb 20 5:05 AM
Msg. 52094 of 62138

Kraft Heinz Cut to Junk by Fitch Following Lackluster Earnings

http://www.msn.com/en-us/finance/topstocks/kraft-heinz-cut-to-junk-by-fitch-following-lackluster-earnings/ar-BB100Al9

...poor old john kerry might have to go out shopping for another wife soon.


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