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Sell Kraft Heinz – Stopped Out

February 25, 2019 by Cor Bader

We got stopped out of KHC. If you purchased from my recommendation and have been following, we got stopped out today. Please sell. We will book a loss of about 21%.

When I wrote about Hienz I imaged there may be some a bit more bad news on the horizon, but I believed the bad news was mostly priced into the stock. Things were looking good initially on our timing.

If you hadn’t heard the news, $KHC is writing of $15 billion of assets on their balance sheet and is cutting their dividend.

They stated in regards to the dividend cut “For balance sheet flexibility”. You know it’s bad for a company when they start sounding like the Federal Reserve.

When we bought the payout ratio was low, but I was not anticipating such a large write down of their assets.

In addition there is even a SEC probe into their accounting. No doubt the lawyers will be circling. We may even see a class action lawsuit for shareholders.

The 21% is not devastating to us, especially if you have used proper position sizing. But if it makes you feel any better Warren Buffet lost more than $4 billion dollars in a single day on $KHC.

Hopefully Warren shows up at corporate to crack some heads.

Action: Sell KHC for a loss of 21%.

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Stopped Out of RMT – Sell

December 20, 2018 by StingingAdmin

The remaining stock we have on our Tao Stock tracker is $RMT which is a ETF on small cap companies. We actually stopped out a couple of days ago, but It’s been busy times for me, which again is why I haven’t been updating the blog much.

We are finally closing out of RMT today. for a 23% loss ( not including Dividends. We have held this position for almost a year so the 8% yield should take off some of that sting.

RMT is now in the Tao Closed positions sheet http://taoeconomics.com/tao-stock-tracker/booked-closed-positions/

I hope you have a lot of cash on hand for this correction. We are likely going to make some new moves after the new year.

Currently I’m eye balling FedEx and Kraft Heinz.

Stay tuned!

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Minty Fresh Message Board

September 18, 2016 by StingingAdmin

The Old Board Got Buggered

Had to create a new message board. Thanks for all of your patience!  Details on what happened can be found in the new message board.

Click here to join and read up on the news: http://taoeconomics.com/forum/thread-1.html Facebooktwitterredditpinterestlinkedinmailby feather

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