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jbog

02/14/13 5:21 PM

#156975 RE: DewDiligence #156963

Scratching my head on this one.

A 20% premium for a rock solid company that appreciated close to 20% (plus div) over the last year seems silly. I never saw Heinz as anything special but it certainly didn't have any trouble making money. Heinz's stock performance closely matched the SP 500 over the last 5 years with the div as a kicker. I guess the board doesn't expect the SP to increase over time.

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DewDiligence

03/25/13 4:53 PM

#158805 RE: DewDiligence #156963

[OT]—HNZ update: #msg-86093217.