No. of Recommendations: 13
I might actually be tempted to throw this into a too-hard pile. KHC was working on separating assets for some kind of sale/split, but is pausing that because they can't do that alongside returning to profitability - it's too much work apparently. Berkshire has options for their stake that will likely not be available to us. Things like choosing sections of the business if they are up for grabs, maybe getting all of Kraft's Cheese products - like when Berkshire got Duracell from Gillette when they split it off.
But a portion of my hesitation is the corporate word salad in their releases:
"we will no longer incur related dis-synergies this year"
"I knew that this was an exciting opportunity to contemporize iconic brands"
It just seems to me, since the business is simple, that leadership should be able to put their thoughts in simple terms. And if they can't, or they want to pretend it's not simple, then they aren't too deserving of my investment dollar.
