the recent KHC share price of $36.38 represents a price-to-book ratio of 0.9 and an annual dividend yield of 4.4% — by comparison, the average dividend paying stock in the Nasdaq 100 yields 1.8% and trades at a price-to-book ratio of 8.3.
Warren Buffett makes mistakes too. The 90-year-old billionaire on Saturday admitted he "paid too much" when his Berkshire Hathaway Inc spent US$32.1 billion in 2016 to buy aircraft and industrial parts maker Precision Castparts Corp, its largest acquisition.
Precision shed more than 13,400 jobs, or 40% of its workforce, in 2020, and only recently has begun to improve margins, Berkshire said.'I'll make more mistakes in the future - you can bet on that,' Warren Buffett wrote
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