As you may know, we have held the HJ Heinz Co in our Equity Income portfolio for quite some time. Today it was announced that Warren Buffet’s Berkshire Hathaway is buying Heinz for $23 Billion. The stock is up 20% on the news. It’s nice to know that one of the world’s greatest investors has a similar appetite to ours. It last happened when he took a very large stake in IBM as well. Sometimes, patience pays off. An eye toward value investing normally pays off over the long term.
Click here for more information from MarketWatch: http://www.marketwatch.com/story/buffetts-berkshire-to-buy-heinz-for-23-billion-2013-02-14?dist=lcountdown
