Kraft Heinz Stock down over 20% in premarket trading - Page 1

[ARCHIVED THREAD] - Kraft Heinz Stock down over 20% in premarket trading (Page 1 of 2)

Posted: 2/22/2019 9:59:15 AM EDT

This will be entertaining.

An earnings miss, a $15 bln writedown and an SEC subpoena sent Kraft Heinz's stock plunging over 20 pct after hours Thursday. It’s a sign CEO Bernardo Hees’s cost-cutting strategy has hit a dead end: https://t.co/sM5DcMn4Im @alpgomez pic.twitter.com/uAC1VOR5Ik
ReutersBreakingviews (@Breakingviews) February 22, 2019

Posted: 2/22/2019 10:03:38 AM EDT

[#1]

Damn! Thats a big drop

Posted: 2/22/2019 10:06:14 AM EDT

[#2]

John Kerry is going broke.

Posted: 2/22/2019 10:08:02 AM EDT

[#3]

Somebody didn't get the memo about Monday.

Posted: 2/22/2019 10:08:20 AM EDT

[#4]

It’s being cut down reminiscent of Genghis Khan.

Posted: 2/22/2019 10:10:08 AM EDT

[#5]

FTW!

And buy KHC when there is ketchup in the street.

Posted: 2/22/2019 10:10:33 AM EDT

[#6]

Quote History

Quoted:
Somebody didn't get the memo about Monday.

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Buy the dip!!!

Home sales. Capex orders. Philly Fed. Conference Board Leading indicator. Trade numbers out of Korea, Japan and Thailand. I have never seen such incredibly weak data been so readily dismissed by the economics consensus and the financial markets.
David Rosenberg (@EconguyRosie) February 22, 2019

Posted: 2/22/2019 10:12:15 AM EDT

[#7]

Quote History

Quoted:
John Kerry is going broke.

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Politicians are the king's of insider trading. I'm sure if someone looked into it he sold his stock shortly before the public found out about all this or went the other way and is using this as an opportunity to buy more stock at lower prices knowing no matter what is found the SEC can be told to back off.

Posted: 2/22/2019 10:13:00 AM EDT

[#8]

I stopped buying that shit when John Kerry was involved but I do not think they have anything to do with it anymore. Hunt's is better anyway.

Posted: 2/22/2019 10:16:00 AM EDT

[#9]

Quote History

Quoted:
John Kerry is going broke.

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He'll just pimp more global climate change

Posted: 2/22/2019 10:16:59 AM EDT

[#10]

Sounds like a good time to buy.

Posted: 2/22/2019 10:21:50 AM EDT

[#11]

good time to buy..ya know it will eventually go back to normal...

Posted: 2/22/2019 10:29:11 AM EDT

[#12]

The Heinz family sold everything off well over ten years ago and have nothing to do with it. Trust me, I quit buying it for decade, and only went back after they sold it.

Here, we have Heinz or Hunt's, and Hunt's sucks.

Posted: 2/22/2019 10:34:10 AM EDT

[#13]

I stand corrected, and went without longer than I needed.

The majority of the Kerry owned stoock was sold off in 1995, and the Kerry's only retained 4%, which they kept for years. The merger happened in 2013, and they made very little from it.

Posted: 2/22/2019 10:41:21 AM EDT

[#14]

Quote History

Quoted:
It’s being cut down reminiscent of Genghis Khan.

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I thought it was Genjis?

Posted: 2/22/2019 10:48:07 AM EDT

[#15]

It's not like the stock or the money is Kerry's. His wife has the bucks. Kerry is a kept man living off his wife's wealth. FJK.

Posted: 2/22/2019 10:55:54 AM EDT

[#16]

Hmm...maybe a long call a good gamble for 40 or 42.50 strike 55 days out.

Posted: 2/22/2019 11:00:27 AM EDT

[#17]

I really like the trader joes ketchup made with sugar instead of corn syrup. It is really great.

Posted: 2/22/2019 11:05:50 AM EDT

[#18]

Bought 5 shares. Thanks OP

Posted: 2/22/2019 11:05:58 AM EDT

[#19]

What the heck. I'm in for a few shares at 35.07.

Posted: 2/22/2019 11:08:38 AM EDT

[#20]

Red gold for the win. Plus they're local

Posted: 2/22/2019 11:13:32 AM EDT

[#21]

Just bought 200 shares

Posted: 2/22/2019 11:15:28 AM EDT

[#22]

Hunts is far better anyways. FKHC

Posted: 2/22/2019 11:16:29 AM EDT

[#23]

Quote History

Quoted:
The Heinz family sold everything off well over ten years ago and have nothing to do with it. Trust me, I quit buying it for decade, and only went back after they sold it.

Here, we have Heinz or Hunt's, and Hunt's sucks.

View Quote

Heinz is red dye no 5 and high fructose corn syrup ketchup

Posted: 2/22/2019 11:18:30 AM EDT

[#24]

Quote History

Quoted:
https://www.hunts.com/sites/g/files/qyyrlu211/files/images/products/tomato-ketchup-43316.png FTW!

And buy KHC when there is ketchup in the street.

View Quote View All Quotes

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Quote History

Quoted:
https://www.hunts.com/sites/g/files/qyyrlu211/files/images/products/tomato-ketchup-43316.png FTW!

And buy KHC when there is ketchup in the street.

Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.

“Give me control of a nation's money and I care not who makes the laws.”
~ Mayer Amschel Rothschild

Posted: 2/22/2019 11:19:12 AM EDT

[#25]

We stopped buying Heinz products once we realized Kerry's ties. Wonder how many others did as well. Be interesting to see if Hunt's sales of benefited.

Posted: 2/22/2019 11:25:24 AM EDT

[#26]

Quote History

Quoted:
Politicians are the king's of insider trading. I'm sure if someone looked into it he sold his stock shortly before the public found out about all this or went the other way and is using this as an opportunity to buy more stock at lower prices knowing no matter what is found the SEC can be told to back off.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
John Kerry is going broke.

Politicians are the king's of insider trading. I'm sure if someone looked into it he sold his stock shortly before the public found out about all this or went the other way and is using this as an opportunity to buy more stock at lower prices knowing no matter what is found the SEC can be told to back off.

Kerry ain't no Martha Stewart. Oh, and don't lie about it either. It's always "Fuck you" when the FBI asks a question.

Posted: 2/22/2019 11:30:34 AM EDT

[#27]

Fuck John Kerry. Whataburger Ketchup is the best. My fellow Texas peeps knows what's up.

Attached File

Posted: 2/22/2019 11:49:14 AM EDT

[#28]

Quote History

Quoted:
https://www.hunts.com/sites/g/files/qyyrlu211/files/images/products/tomato-ketchup-43316.png FTW!

View Quote

Gross

Posted: 2/22/2019 11:51:42 AM EDT

[#29]

Quote History

Quoted:

Heinz is red dye no 5 and high fructose corn syrup ketchup

View Quote

that's the flavor..!

Posted: 2/22/2019 11:54:31 AM EDT

[#30]

Buffet brought in Brazilians to decimate the company afted the Kraft-Heinz merger. They gut a company, move on, and watch from a distance as theonce strong companies collapse.

Posted: 2/22/2019 11:55:49 AM EDT

[#31]

I better stock up on 57 at the store later. It’s time to FO

Posted: 2/22/2019 11:57:08 AM EDT

[#32]

Quote History

Quoted:
John Kerry is going broke.

View Quote

no, his sugar momma is!

Posted: 2/22/2019 12:00:48 PM EDT

[#33]

Noticed when berk took a dip.

Posted: 2/22/2019 12:18:30 PM EDT

[#34]

Quote History

Quoted:
The Heinz family sold everything off well over ten years ago and have nothing to do with it. Trust me, I quit buying it for decade, and only went back after they sold it.

Here, we have Heinz or Hunt's, and Hunt's sucks.

View Quote

Yes, yes it does.

Posted: 2/22/2019 12:35:20 PM EDT

[#35]

What did Kerry do?

Posted: 2/22/2019 12:36:42 PM EDT

[#36]

Posted: 2/22/2019 12:40:21 PM EDT

[#37]

Quote History

Quoted:
https://www.hunts.com/sites/g/files/qyyrlu211/files/images/products/tomato-ketchup-43316.png FTW!

And buy KHC when there is ketchup in the street.

View Quote

Damn I didn't know Kraft was Heinz.

Good to know going forward. I have been doing the Hunt's thing ever since I learned about Heinz and Kerry.

Posted: 2/22/2019 12:54:38 PM EDT

[#38]

It's risen a little but a lit of comments on yahoo say it may go down as low as 32 next week.

Posted: 2/22/2019 2:23:05 PM EDT

[#39]

Quote History

Quoted:
Sounds like a good time to buy.

View Quote

I was wondering that too but listening to CNBC they don't seem to agree.

A lot of what they're saying has to do with warren buffett and what he decideds to do. If he starts bashing the company and/or selling it's going to take a bigger hit.

Plus they just cut dividends not a good sign.

Posted: 2/22/2019 2:29:27 PM EDT

[#40]

Quote History

Quoted:
Buffet brought in Brazilians to decimate the company afted the Kraft-Heinz merger. They gut a company, move on, and watch from a distance as theonce strong companies collapse.

View Quote

What happened to you?

You used to be literate.

Posted: 2/22/2019 3:08:05 PM EDT

[#41]

Quote History

Quoted:
I was wondering that too but listening to CNBC they don't seem to agree.

A lot of what they're saying has to do with warren buffett and what he decideds to do. If he starts bashing the company and/or selling it's going to take a bigger hit.

Plus they just cut dividends not a good sign.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
Sounds like a good time to buy.

I was wondering that too but listening to CNBC they don't seem to agree.

A lot of what they're saying has to do with warren buffett and what he decideds to do. If he starts bashing the company and/or selling it's going to take a bigger hit.

Plus they just cut dividends not a good sign.

Cut dividends and an SEC investigation. Black swans flying.

Posted: 2/22/2019 4:34:15 PM EDT

[#42]

It’ll go back up, that company isn’t going anywhere. Too many EBT people buy Kraft’s processed shit.

Posted: 2/22/2019 4:36:45 PM EDT

[#43]

Hits my 401K pretty hard. I worked for them over 20+ years ago and still have stock in what they are now. Of course, things go up and things go down. I am pretty well diversified so while it is a hit, it isn't that bad.

Posted: 2/22/2019 5:46:54 PM EDT

[#44]

Kraft Heinz's stock on Friday closed at the lowest level in its history after the food and beverage retailer disclosed on Thursday a Securities and Exchange Commission Opens a New Window. investigation into the firm's accounting policies. The company also slashed its quarterly dividend to 40 cents per share annually -- down from $2.50 -- and reduced the value of its key brands by $15 billion...

...The investigation by the SEC centers on Kraft’s policies related to procurement, including its agreements with vendors, according to a disclosure included in the Chicago-based firm’s fourth quarter earnings statement...

View Quote

FBN SOURCE

Posted: 2/22/2019 8:31:09 PM EDT

[#45]

Quote History

Quoted:
Hits my 401K pretty hard. I worked for them over 20+ years ago and still have stock in what they are now. Of course, things go up and things go down. I am pretty well diversified so while it is a hit, it isn't that bad.

View Quote

It’s never good when a dividend/value stock cuts its dividend.

The numbers still look good though. Need to read up on them, might be a buying opportunity...or a trap..

Posted: 2/22/2019 8:34:30 PM EDT

[#46]

John Kerry is contacting McKenzie Bezos as we speak.

Posted: 2/23/2019 5:33:41 PM EDT

[#47]

Quote History

Quoted:
John Kerry is contacting McKenzie Bezos as we speak.

View Quote

Why, Kerry and wife sold all but 4% of the company in the mid 90s, and had no controlling interest after that. They made nothing on the merger in the 2000s as they had no real money in it.

They aren't affected one way or the other.

As to the poster that said Hunt's didn't have high fructose corn syrup, it does. I have a bottle of it and a bottle of Heinz here and they both have it listed in the ingredients.

I may have to order ketchup from Walmart or Amazon, the grocery store here only sells three kinds, Heinz, Hunts, and the IGA brand, which is like one of those two watered down some. I would like to have a ketchup with real sugar.