A few days ago I took a long read of Kraft Heinz’s unpleasant 2018 annual report and three consecutive quarterly reports since then. I then wrote this analysis and valuation of the company as I see it now since the 2019 full-year earnings season is approaching:
TL;DR: I perceive the current market value of the company as fair and I am not invested. If the price approaches an area below $25, I will take a closer look again.
Let me know what you think and whether you agree/disagree on certain points.
Cheers, Oliver Sung