Today, the
company will be taken over by Warren Buffett and the investment firm 3G for a
price of $72.50 in cash, a premium of 20%. This is also the return for around 10
weeks of owing the stock.
My gain should be around $600. I am not happy because I couldn’t increase my stake. I bought only a few shares and wanted to increase the position over the next years to a core investment share of 2-3% of my full portfolio worth.
My gain should be around $600. I am not happy because I couldn’t increase my stake. I bought only a few shares and wanted to increase the position over the next years to a core investment share of 2-3% of my full portfolio worth.
Warren
bought several stocks I own and I purchased some he had. So, I believe he has a
great taste in searching for the best stocks. This year I received two takeover
offers: NYX and HNZ. Normally I get 2-4 per year.
Investing is a hard fight for the best companies. Heinz was not expensive but growth of the company is also not in a double-digit region. Heinz has a great international diversification and the market for sauces is developed. So, it's very hard for competitors to enter.
Who will be next?
Investing is a hard fight for the best companies. Heinz was not expensive but growth of the company is also not in a double-digit region. Heinz has a great international diversification and the market for sauces is developed. So, it's very hard for competitors to enter.
Who will be next?