dChan
Anonymous ID: c4685b Feb. 26, 2019, 7:01 a.m. No.5393585   🗄️.is 🔗kun

>>5393496

 

https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

 

https://www.investopedia.com/terms/t/troubled-asset-relief-program-tarp.asp

 

https://www.rollingstone.com/politics/politics-news/secrets-and-lies-of-the-bailout-113270/

Anonymous ID: c4685b Feb. 26, 2019, 7:08 a.m. No.5393659   🗄️.is 🔗kun

Kraft Heinz : Tests Buffett and 3G Ties

 

The Oracle of Omaha acknowledges making a mistake but says he has no plans to sell

(said the man who just lost $4 gorillion)

 

Warren Buffett said Berkshire Hathaway Inc. and 3G Capital overpaid in 2015 when they helped form Kraft Heinz Co., but he has no plans to sell.

 

The acknowledgment, made during a CNBC interview Monday, followed a disclosure Saturday that Kraft Heinz contributed a $2.7 billion loss to Berkshire in 2018. Kraft Heinz last week wrote down the value of some of its biggest brands, disclosed an investigation by federal securities regulators and slashed its dividend.

 

Berkshire owns 27% of Kraft Heinz. Mr. Buffett said Berkshire doesn't plan to change its stake.

 

"We don't pull the plug," Mr. Buffett said. Kraft Heinz is still a good business, he said, but he and 3G were overly optimistic about the value of its brands when they invested in 2015. "The business does not earn more because you pay more for it," he said.

 

The abrupt decline of Kraft Heinz offers a new test for Mr. Buffett's relationship with 3G. The Omaha, Neb., billionaire has received heat for his ties to a private-equity giant that some Berkshire shareholders see as incompatible with Berkshire's values. Berkshire is known for letting its business managers set their own strategies, while 3G has a reputation for aggressive cost-cutting and layoffs.

 

"When he first started working with 3G, I didn't understand it," said Paul Lountzis, president of Lountzis Asset Management LLC, which owns Berkshire shares. But "with his loyalty and integrity, he's not going to walk away….I think the only thing he can do is support them and hope they'll be able to make the necessary adjustments and help the business."

 

https://www.marketscreener.com/THE-KRAFT-HEINZ-COMPANY-22816979/news/Kraft-Heinz-Tests-Buffett-and-3G-Ties-28067884/

 

sauce on caps 2,3

https://www.cbsnews.com/news/kraft-heinz-stock-price-shares-plunge-after-15-billion-write-down-investigation-today-2019-02-22/

 

https://www.secform4.com/insider-trading/1637459.htm