KHC - 1 Magnificent S&P 500 Dividend Stock Down 67% to Buy and Hold Forever
2024-07-14 08:53:00 ET
Stocks you can buy and hold forever must be resilient businesses, with the staying power to last decades. The problem is that these no-brainer winners are seldom cheap. Kraft Heinz (NASDAQ: KHC) , down a whopping 67% from its high, looks like a rare deal.
However, blue chip stocks like Kraft Heinz don't lose over half their value by accident; the company has battled through some serious challenges that prospective investors should know about first. Kraft Heinz is emerging from the rubble after some tough years, making now the perfect time to consider buying the S&P 500 stock before sentiment turns positive and this eye-popping bargain disappears.
Kraft Heinz has been down so long that most people probably forgot what a great business it can be. The stock peaked in 2017, and you must venture into the past to discover what happened.
For further details see:
1 Magnificent S&P 500 Dividend Stock Down 67% to Buy and Hold Forever