Hi,
CNBC's Buffett Watch reported Kraft Foods Rallies 7% on Revelation Warren Buffett Is Now Its Largest Shareholder. Kraft Foods rallied by 6.9 percent to close at $31.33, a day after Berkshire Hathaway revealed it 8.6% stake in Kraft Foods.
Warren Buffett had a large stake in Kraft Foods. Kraft Foods is engaged in the manufacture and sale of packaged foods and beverages in the United States, Canada, Europe, Latin America, Asia Pacific, the Middle East and Africa. The Company manufactures and markets packaged food products, consisting principally of beverages, cheese, snacks, convenient meals and various packaged grocery products.
Whatever Warren Buffett buy the share of a company the price would shoot up. Even if it were a rumor prices of the company would also shoot up. Mr. Buffett is a famous value investor, which create great wealth for his investor. Does Kraft Foods is still at fair value now? Should investor invest in Kraft Foods?
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