Berkshire earnings estimate cut in half because of Kraft mess as investors await Buffett letter

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The release of Warren Buffett's annual letter is clouded this year as investors confront an unpleasant last-minute surprise.

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A chink in the armor

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Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges
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Kraft Heinz Discloses SEC Probe, Misses Earnings ForecastsSecurities regulators are investigating Kraft Heinz over its procurement practices, the company disclosed as it reported a loss from a significant write-down in the value of some of its best-known brands. Bye bye Heinz, people want real tomatoes... This is not a good sign for the economy Could you share more details on which brands were written down, how those intangible assets valuations were
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Kraft Heinz loses a lot of cheese as earnings send stock plunging toward record lowKraft Heinz Inc. shares headed toward record lows in after-hours trading Thursday, after the giant food conglomerate delivered bad news with no condiments to sweeten it. PatrickMahomes where u at in their moment of need What Good lawd. IMHO, Their food sucks anyway.
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