Warren Buffett's ketchup Co crashed 30% today? - iTulip.com

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Warren Buffett's ketchup Co crashed 30% today?

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touchring

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Join Date: Aug 2007

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Warren Buffett's ketchup Co crashed 30% today?

February 22, 2019, 11:22 AM

I've first read about KHC troubles about 6 months ago, but today's price movement is truly shocking.

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dcarrigg

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February 22, 2019, 02:44 PM

Re: Warren Buffett's ketchup Co crashed 30% today?

If a Buffet-backed, blue-chip company doing simple, bread-and-butter bullshit like Kraft-Heinz can be overvalued day-to-day in this market by 30% just based on a little accounting chicanery, imagine how frothy the more complex businesses that are less transparent and offer more opportunities for underhandedness are...

How do you lose $75 billion in market cap in a year on Ketchup and Mac'n'cheese in a rational market?

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