US EditionBerkshire Hathaway Profits Drop as It Writes Down Kraft Heinz Investment
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Berkshire Hathaway profits drop as it writes down Kraft Heinz investment
OMAHA, Neb. — Warren Buffett’s company reported less than half as much profit in the second quarter as it took a $3.76 billion write-down on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll. Berkshire sa
The stock may be volatile in the short term, but Berkshire Hathaway's business remains extremely profitable. Long-term investors know that such a discount on a quality company doesn't come along often.
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