Summary
BAD BEAT Investing discussed Kraft-Heinz as a value play if it fell well under $60, and now we feel compelled to follow up since the pace has been sluggish.
We believe that KHC is suffering from the same afflictions that many of its competitors are.
Given the 4% yield and the improving earnings, we think a recession proof name like KHC still has value.
This idea was first discussed with members of my private investing community, BAD BEAT Investing. To get an exclusive 'first look' at my best ideas, start your free trial today >>
You often hear that someone, some group, or something is in one's thoughts and prayers after some sort of sad tragedy. Perhaps such a tragedy has been the demise of Kraft Heinz (KHC) stock. The stock, and subsequently shareholders, have been suffering ever since mid-summer 2017. The immense negativity has subsided somewhat, and now the stock is searching for direction. But why is the stock in our thoughts and prayers? Well, as the name fell to $60, we cited it as a name to watch for value over at BAD BEAT Investing, especially if it were to fall well below this level.
Well the stock did fall below this level and some of our members are in the stock. So far, returns have been minimal, unlike many of our other BAD BEAT calls. As such, the stock is in our thoughts and prayers for shareholders who have purchased after our call.
