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Kellogg (K) Discontinues Operations in Crisis-Hit Venezuela
"Amazingly K has not dropped 20% today. It is performing today almost exactly to the market."
What's amazing about it? It's hardly a secret that Bozo-for-Life Maduro has long ago run Venezuela so far into the ground that it will take many years if not a decade to recover after he is finally dispensed with. Kellogg and all similar companies wrote off Venezuela long ago. The "announcement" merely documents for the record what has been common knowledge for a long time now.
The Washington Post: Blackouts, hyperinflation, hunger: Maduro faces reelection as Venezuela deteriorates
"As Maduro has sought to further consolidate power in the past 12 months, the economy, public services, security and health care have all but collapsed."
Comments
Regards,
Ted
What's amazing about it? It's hardly a secret that Bozo-for-Life Maduro has long ago run Venezuela so far into the ground that it will take many years if not a decade to recover after he is finally dispensed with. Kellogg and all similar companies wrote off Venezuela long ago. The "announcement" merely documents for the record what has been common knowledge for a long time now.
Blackouts, hyperinflation, hunger: Maduro faces reelection as Venezuela deteriorates
"As Maduro has sought to further consolidate power in the past 12 months, the economy, public services, security and health care have all but collapsed."
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