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Old 02-22-2019, 12:14 PM   #1
Whitebassfisher
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Kraft Heinz

I realize I am no savvy investor, just trying to maintain my existence. Several years back I decided not to invest in individual company stocks, but to invest in funds instead that spread the risk out. My saying was that if a company CEO spent too long in the bathroom that the stock price showed it. Even though I try to spread out, the "rising tide lifts all boats" has always seemed true to me.


But, the purpose of this thread is say I am shocked at the hit Kraft Heinz took.


Warren Buffett’s Berkshire Hathaway loses more than $4 billion in a single day after Kraft Heinz revealed a string of disappointing news.
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Old 02-22-2019, 08:16 PM   #2
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That was a big drop.

I am not too savvy either...apparently.
Take a gander at this bad boy.

"Stamps.com, the company topped earnings estimates by more than 25%, to $3.73 per share, on quarterly sales of $170.23 that outperformed by 7.58%. However, the loss of the company’s exclusive partnership with the U.S. Post Office has caused the company to drastically lower its forward outlook. Shares, which had been up nearly 30% year to date, are currently down 52% ahead of the opening bell."

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Old 02-23-2019, 01:28 PM   #3
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Kraft / Heinz Does it have anything to do with Robert Kraft being accused of soliciting a prostitute?
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Old 02-23-2019, 01:43 PM   #4
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Quote:
Originally Posted by Mr. Breeze View Post
Kraft / Heinz Does it have anything to do with Robert Kraft being accused of soliciting a prostitute?
No they are not related other than name. He does own stock though
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Old 02-23-2019, 03:01 PM   #5
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Thumbs up

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