Subject: Re: Khc rethinking the spin off
I imagine Greg may ultimately want to sell the position but Not at this price of $23.

Kraft Heinz certainly isn't covering itself in glory. Like a bad smell coming from your shoe.

But on the other hand, it isn't in any immediate danger. The dividend seems covered currently and their pricing can probably keep up with inflation. So if you were able to be comfortable considering it a 6.5% inflation protected perpetual bond, it's not a bad place to have the firm's money. Emphasis on "if", but the right answer might just be "throw it in the corner and ignore it".

Unless a whopping great elephant comes along and you could redeploy the capital better, of course. For now it's still "too much capital, too few opportunities".

Jim