Busting Buffett. FAKEOUT before a BREAKOUT?

*I follow the portfolio of Warren Buffett. I think he is brilliant and he claims to think Kraft Heinz is brilliant. Based on the graphing alone I suspect we are about to see a market fake out. All Indicators look almost perfectly aligned for a break, a few premature bulls take their position and then... TITS UP. Before I get accused of being unprofessional, the term TITS UP actually derives from the behaviour of aeroplanes' altitude indicators, which turn upside down when faulty and display an inverted 'W' resembling a pair of breasts.

I cant claim i know enough about KHC to make a valid case so I refer the argument by Ian Croci

Busting Buffett - Is Kraft Heinz Actually A Wonderful Business?

In a recent interview on CNBC, Warren Buffett made the claim that Kraft-Heinz is a "wonderful" business, pointing to its return on tangible assets.

In and of itself, return on tangible assets is an interesting metric, but doesn't actually mean a whole lot.

I'll be exploring the context of how KHC's return on tangible assets is likely to impact the bottom line moving into the future.

To begin, I would like to say that I agree, at least on a philosophical level, with legendary investor Warren Buffett almost all of the time. However, I find myself strategically at odds with him more often than not. I've got plenty of ideas as to why this might be, not least of which is the sheer volume of capital he's responsible for working with. In this article, I'll be questioning a specific comment he made about Kraft-Heinz (KHC) shortly after the company posted its tragic earnings results on February 21st.

seekingalpha.com/article/4247855-busting-buffett-kraft-heinz-actually-wonderful-business




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