The Kraft Heinz Turnaround Effort Is Bold, Massive, and Uninvestable
Credit has to be given where it's due. Relatively new Kraft Heinz (NASDAQ: KHC) CEO Miguel Patricio is thinking big. He has to. The stock's down more than 70% over the past three years -- reflecting the company's plight -- and still teetering on the verge of new multi-year lows.
Bold thinking alone isn't inherently a recipe for success, though. Patricio's plan is almost a 180-degree turnaround from everything the company was before he took the helm in July of last year. Not only is the job big, but it's also going to be complicated and time-consuming. It may be more of a project, in fact, than investors want to bother gambling on.
Even long-term shareholders would struggle to identify a specific reason Kraft Heinz is failing.
Source Fool.com
