HNZ Heinz

hnz feb 14

Yesterday Heinz had a capitalization of about 20 bln. Today it is being bought for about $27 bln. if I got the info correctly. The price is about where the is in the chart, at $72.50. Not much fun for the 4% of shareholders who are short this stock. Perhaps not fun for Berkshire Hathaway either. This is not exactly buying low. The p/e was at about 19, but the yield a respectable 3.4%. Could it be that big piles of cash are making even the best of investors a little adventuresome?