https://www.wsj.com/articles/kraft-...rnings-forecasts-11550789493?mod=hp_lead_pos1
The food maker also cuts dividend as merger savings dry up
The food maker also cuts dividend as merger savings dry up
Kraft Heinz Swings to Loss and Discloses SEC Probe; Shares Plunge
- Thread starter ajacobson
- Start date
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
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