Warren Buffett Is No Fool, Kraft Heinz Is a Buy – TheStreet.com

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Warren Buffett Is No Fool, Kraft Heinz Is a Buy – TheStreet.com

Berkshire Hathaway’s (BRK.A) (BRK.A) Warren Buffett is no foolBerkshire’s 26.7% stake in Kraft Heinz (KHC) took a big hit after management wrote down its valuation in the Oscar Mayer and Kraft brands by about $15.4 billion recentlyKHC’s quarterly dividend was cut 36%, from $0.625 to $0.40, as wellShares that fetched north of $97 in 2017, closed on…

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