Friday, 22 February 2019

Warren Buffett's Berkshire Hathaway loses more than $3 billion in single day on Kraft Heinz plunge


Read?Warren Buffett's Berkshire Hathaway loses more than $3 billion in single day on Kraft Heinz plunge
Warren Buffett's Berkshire Hathaway is set to lose more than $3 billion in a single day after Kraft Heinz revealed a string of disappointing news.

 Stock of the packaged food giant, whose products include Heinz Tomato Ketchup and Kraft Macaroni & Cheese, plunged more than 24 percent before the bell.

 And for Berkshire — which owned more than 325 million shares at the end of 2018 — the losses will be steep.

 "They're still very, very good businesses," Buffett said of his consumer staple holdings Kraft Heinz and Coca-Cola as recently as May 2018.
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7 comments:

  1. Spur23 February 2019 at 01:23:00 GMT+8

    Barclays just slashed Berkshire Hathaway's Q4 earnings by -50% as a result of Kraft Heinz & California wild fires.

    Large drop in Apple price also expected to hit Berkshire value.

    Buffett is expected to release his annual shareholder letter as well as FY2018 results on Saturday.

    ReplyDelete
  2. Createwealth888823 February 2019 at 08:18:00 GMT+8

    That why Buffet advocates index. :-)

    ReplyDelete
  3. Createwealth888823 February 2019 at 08:24:00 GMT+8

    Put spare money in Bank Of CPF and starts withdrawing after 55 when necessary

    ReplyDelete
  4. Createwealth888823 February 2019 at 08:34:00 GMT+8

    There are many banks and finance to put N x $50K

    ReplyDelete
  5. Createwealth888823 February 2019 at 08:34:00 GMT+8

    then got SSB

    ReplyDelete
  6. Unintelligent Nerd23 February 2019 at 12:02:00 GMT+8

    I kena because I own Kraft Heinz -.-

    ReplyDelete