Author Topic: KHC - Kraft Heinz Co.  (Read 97637 times)

Spekulatius

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Re: KHC - Kraft Heinz Co.
« Reply #310 on: March 20, 2020, 02:12:14 PM »
Yes.  They said demand is strong and they are running extra shifts at factories.  I was looking then I saw they took down all their LOC and it gave me pause.  I understand wanting to have liquidity, but do I really want to be invested with people who see a potential big recession, which they came into with a crappy balance sheet which they were supposedly trying to clean up, who see trouble and say boom maximum leverage "now we're your problem, bank."  Also while continuing to pay a dividend?  I don't know.

I donít think demand will stay strong. When all these hoarding buys are completed and there hoarders see full shelves whilst they have 1/2 year of canned food in their pantry, they will stop buying. I give this another week and then it will be over.
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Viking

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Re: KHC - Kraft Heinz Co.
« Reply #311 on: March 20, 2020, 03:47:46 PM »
Yes.  They said demand is strong and they are running extra shifts at factories.  I was looking then I saw they took down all their LOC and it gave me pause.  I understand wanting to have liquidity, but do I really want to be invested with people who see a potential big recession, which they came into with a crappy balance sheet which they were supposedly trying to clean up, who see trouble and say boom maximum leverage "now we're your problem, bank."  Also while continuing to pay a dividend?  I don't know.

I donít think demand will stay strong. When all these hoarding buys are completed and there hoarders see full shelves whilst they have 1/2 year of canned food in their pantry, they will stop buying. I give this another week and then it will be over.

I think the food $ split in the US between retail and food service (restaurants) is 50:50. It looks to me like restaurant spend is going to be weak for months. Yes, we are seeing a short term spike in retail right now as people stock up in case we go to full lock down. My guess is retail sales will stay elevated in the coming months (not at current levels but higher than PY levels).

AzCactus

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Re: KHC - Kraft Heinz Co.
« Reply #312 on: March 20, 2020, 04:44:31 PM »
My thoughts are that if you agree that people are afraid of a recession and job loss they'll try to save money.  With that said cooking at home is cheaper than either 1) picking up food and risking Coronavirus or 2) Getting it delivered and probably paying fees + tip.  So if the 50:50 split between groceries turns to 75:25 or something of this sort that's going to be meaningful for several companies. 

muscleman

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Re: KHC - Kraft Heinz Co.
« Reply #313 on: July 30, 2020, 08:12:43 AM »
Q2 came out and I just noticed that they have 11 bn deferred income tax. I wonder how it works and how it can have such a huge amount of income tax deferred?
I am muslceman. I have more muscle than brain!

fareastwarriors

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Re: KHC - Kraft Heinz Co.
« Reply #314 on: September 15, 2020, 12:02:54 PM »

wabuffo

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Re: KHC - Kraft Heinz Co.
« Reply #315 on: September 15, 2020, 12:19:25 PM »
This appears to be the natural cheese (along with cultured) business in the US (this business was already sold in Canada, IIRC) - and does not appear to include the processed cheese segment (Velveeta, Cheez Whiz, Singles, Philadelphia Cream Cheese, etc) if I am reading the press release correctly.   

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