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Kraft Heinz's Stock Plummets 20% After Company Slashes Dividend, Discloses SEC Probe
Fortune ^
| February 21, 2019
| Kevin Kelleher
Posted on 02/22/2019 9:42:50 AM PST by buckalfa
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Pennies here, pennies there, a creative CEO and or CFO can find creative cooking recipes for their mac and cheese books.
1
posted on
02/22/2019 9:42:50 AM PST
by
buckalfa
To: buckalfa
Why the long face, John.......?
2
posted on
02/22/2019 9:44:50 AM PST
by
Lurkinanloomin
(Natural Born Citizen Means Born Here of Citizen Parents_Know Islam, No Peace-No Islam, Know Peace)
To: buckalfa
John Kerry net worth took a hit.....
To: buckalfa
4
posted on
02/22/2019 9:46:18 AM PST
by
Yo-Yo
( is the /sarc tag really necessary?)
To: buckalfa
Longtime Heinz employees here in Pittsburgh noted that the day after the Berkshire Hathaway boys arrived, funky things started happening with the accounting.
To: buckalfa
Start by making Oscar Mayer Wieners with all pork as in the past
To: buckalfa
THIRTY BILLION in DEBT?
I thought Kerry didn’t have any real management of the company!
7
posted on
02/22/2019 10:03:45 AM PST
by
dangus
("The floor of Hell is paved with the skulls of bishops" -- St. Athanasius)
To: buckalfa
THIRTY BILLION in DEBT?
I thought Kerry didn’t have any real management of the company!
8
posted on
02/22/2019 10:03:50 AM PST
by
dangus
("The floor of Hell is paved with the skulls of bishops" -- St. Athanasius)
To: buckalfa
John Kerry’s wife is going to have to down 18 gin-soaked raisins tonight.
9
posted on
02/22/2019 10:08:58 AM PST
by
Steely Tom
([Seth Rich] == [the Democrat's John Dean])
To: buckalfa
That net loss was largely caused by an impairment charge of $15.4 billion to adjust the goodwill in some of its businesses, including the Kraft and Oscar Mayer trademarks.
The company is currently worth $43 billion.
That is a HUGE amount for intangibles and for a loss!
10
posted on
02/22/2019 10:12:10 AM PST
by
ConservativeMind
(Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: ConservativeMind
... $15.4 billion ...
That’s a lot of hot dogs and mustard.
To: buckalfa
That's what they get for moving their production of Heinz Ketchup from the United States to MEXICO!
Heinz can ROT!
12
posted on
02/22/2019 10:16:48 AM PST
by
Jmouse007
(Lord God Almighty, deliver us from this evil in the name of our Lord and Savior Jesus Christ, amen.)
To: buckalfa
It’s a REALLY bad day today if your name is “Kraft”
13
posted on
02/22/2019 10:18:48 AM PST
by
montag813
("This is Montag, Block 813...")
To: ConservativeMind
The change knocks total assets from $120 billion to $105 billion, and goodwill plus intangible assets from $103 billion to “only” $88 billion. So, tangible assets are $17 billion, and tangible liabilities are $54 billion. So, accounting like Wells Fargo (another Buffett company) or the State of Illinois (does Buffett own this?).
14
posted on
02/22/2019 10:21:45 AM PST
by
bIlluminati
(Defund the Left. Shrink the U.S. Federal government to 1897 levels.)
To: buckalfa
Hitlery lost and they weren’t expecting to have to account for all the graft they invested in her.
15
posted on
02/22/2019 10:29:53 AM PST
by
fella
("As it was before Noah so shall it be again,")
To: Phil DiBasquette
Start by making Oscar Mayer Wieners with all pork as in the past
That will happen after Mondelez/Nabisco puts the lard back in Oreos.
16
posted on
02/22/2019 10:31:20 AM PST
by
Dr. Sivana
(There is no salvation in politics.)
To: Jmouse007
I think they make certain varieties in Mexico to get away from our sugar tariffs and use cane sugar instead of high fructose corn syrup.
So far as I know most of their ketchup is still made in Fremont, Ohio.
To: Buckeye McFrog
I'm amazed that the sugar lobby has continued to be successful in shafting taxpayers and consumers.
It's probably in cahoots with the corn (HFCS) lobby.
To: Lurkinanloomin
To: ConservativeMind
adjust the goodwill
Good will is an accounting entry, no real value.
Think about the USA and the amount of good will on our balance sheet.
20
posted on
02/22/2019 11:03:57 AM PST
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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