https://www.wsj.com/articles/kraft-...rnings-forecasts-11550789493?mod=hp_lead_pos1 The food maker also cuts dividend as merger savings dry up
Just seen it! This is crazy, they are gonna get downgraded to -bbb very shortly and if story gets deeper, then junk
Really? If a company's debt gets continuously downgraded it becomes junk? Who knew? WOW. You must be the first person to realize this!
Kraft Heinz Kraft Heinz's shares lost a fifth of their value after the company revealed a quadruple-whammy of bad news: it's being investigated by the SEC over accounting issues; it's had to write down the value of the Kraft and Oscar Mayer brands by $15 billion; it's posted a $12.6 billion loss; and its dividend is now 36% lighter. Seems the 2015 merger did not provide the anticipated efficiencies. Fortune