and the price of Heinz Ketchup looks about 30% higher since the buyout due to increased debt servicing costs....this is Buffett taking money out of the 99%'s pockets.
Heinz stock is being used for currency at approximately 30x earnings.....Heinz debt service costs exceed net income. Heinz stock is technically junk.
Heinz after it went private was loaded with debt. Debt payment in 2014 was $685M while net income dropped to $673M from $985 in 2011. This means Heinz is being valued at 30x earnings when used as currency to buy your stock.
Intel maybe on the inside of Pcs, but it's not in phones and wireless. Mu would provide a way for intel to get into other markets while strengthening its presence in legacy products. Mu value above $40 in stock swap merger. 1 share of INTC plus cash