Kraft Heinz (KHC) has left investors shocked after reporting a big loss in Q4 2018, fueled by a staggering $15.4 billion writedown to a number of its brands. The company also disclosed an investigation by the SEC into its accounting practices.
The market sent shares tumbling in the wake of the news. A few intrepid investors have suggested buying the dip, but we are not so sure. Indeed, the world's fifth-largest food and beverage company may very well unsettle investors' stomachs even further. A closer inspection of both the writedown and the SEC investigation suggests that things may actually be worse than they already appear to be.
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