02-22-2019, 08:33 PM
(02-22-2019, 11:30 AM)Otter Wrote: Having lost all confidence in management......
That is all an experienced investor such as yourself needs to say to justify moving on IMO. I still own shares and may sell covered calls for awhile and see if I can salvage this position to some degree. Don't lock the door behind you because I may need to get out quick Otter.
The biggest problem is KHC sells ketchup and cheezy macaroni. There is just no way to grow their way out of this in a reasonable amount of time. It's a tough spot if they were well managed. They cut the Div to deleverage. That kinda leaves out a meaningful acquisition. I bet I am down 20 points on this minus the option premiums collected, so call it down 15. I was down worse on AAPL and MO, but KHC is nothing like those stocks anytime reasonably soon.