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Anyone Buying on This Pullback?
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05-07-2019, 09:41 AM
graciegirl
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Quote:
Originally Posted by
manaboutown
Kraft Heinz (KHC) Has Tried to Reinvent Some of Its Most Well-Known Foods, But Nobody Seems to Care - TheStreet
Millennials being blamed for decline of American cheese | Fox News
American Cheese Sales Decline Due To Millennials
Kraft Heinz, Kellogg Latest Food Makers to See Sales Drop | Fox Business
The reason I brought this up is that I own a few shares of KHC as the result of an inheritance (wish I didn't). Plus I own some Berkshire Hathaway and am well aware of Warren's eating habits - blanch! I wonder if he accepts that younger folks have gradually been stepping away from processed foods for years and due to modern technology are able to obtain tasty, fresh, nutritious high quality foods which they prefer to what most people used to have to eat during most of the last century. His dismissive comment about KHC processed food product sales during the BH annual meeting - product sales cycle up and down - does not align with the actual trend of KHC processed food product sales, downward.
Very good sources and excellent information.
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