Berkshire Hathaway (BRK) stock price fell 3% against the market trend, recording a nearly $4 billion impairment on its investment in Kraft Heinz last quarter
The stock price of investment giant Berkshire Hathaway (BRK.A.US) fell 3% on Monday against the market trend, as the company announced a multi-billion dollar impairment in its second-quarter earnings and chose to forgo buybacks.
The company's quarterly report showed that its investment in Kraft Heinz (KHC.US) recorded an impairment expense of $3.8 billion, with the book value of its holdings dropping from $17 billion at the end of 2017 to $8.4 billion
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