FAST FIVE: Buffett Bruised As Kraft Crashes To Record Low After "Barrage Of Bad News"
The result was a 20% drop oven right which has extended this morning to a 25% collapse to a record low for the stock.
And finally, Warren Buffett is feeling the pain this morning as Berkshire Hathaway's investment in Kraft declined from a valuation of about $15.7 billion to $11.7 billion as the stock plunged below $36 at this morning.
Other investments, in GE, BAC, GS, etc.
were made during economic and specific business crises – when, like Kraft, their “moats” were being challenged.
Note: CNBC's Becky Quick will be interviewing Warren Buffett on Squawk Box on Monday (following the publication of his letter to Berkshire Hathaway shareholders on Saturday) – and should will certainly ask about his Kraft investment.