Kraft, the hits just keep on coming... Kodak here we come

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Kraft dropped $9 a share yesterday before I could get it sold pretty much at the opening of the market. Took a hit on that.
 
How is Kraft and Heinz considered expensive?

Are the Aldis of the grocery word really changing things this much?
 
We have an Aldis here, but I've never been to it. My mom shops there.
When my wife or I go to the grocery store, we rarely buy Kraft or Heinz type products. The store brand is the same thing and less expensive.
I can tell you for an absolute fact store brands and 100% the same as some name brands. When I was a kid, I worked stock in a grocery store. Occasionally I'd open a store brand case of pineapple, corn, dog food or whatever, and one of the cans would be labeled with the name brand where they switched over the run.
If you are buying a single bottle of ketchup one time, the savings isn't noticeable, but if you add it up over time, it is considerable.
 
I’ve wondered if they change the recipe for the store brand stuff. Like less spices or something along those lines.
 
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The one thing I refuse to buy store brand is nacho chips. I've never had an off brand nacho chip that is the same as Doritos.
 
This particular thread isn't about Robert Kraft being in trouble. This is about Kraft Foods (and others) and the stock market.
Kraft stock prices tanked yesterday when they announced they are slashing dividends. That has nothing to do with a billionaire asking for a happy ending.
 
In most food staples, I notice no difference in store brands and will gladly save money buying peanut butter, crackers, bread, milk, etc.

But paper products . . . ugh.
 
A few years ago, I was listening to an NPR segment with this woman who wrote a book on how to make your own supermarket staples, mustard, mayo, trail mix, things like that. She said the one thing she didn't put in the book was ketchup, because she could convince none of her testers there was any ketchup as good as Heinz. That's a product that'll survive. Kraft is getting whipsawed. The store brands on one side, the higher end versions of products like macaroni and cheese or cheese singles on the other side, all in the same supermarkets.
 
We have an Aldis here, but I've never been to it. My mom shops there.
When my wife or I go to the grocery store, we rarely buy Kraft or Heinz type products. The store brand is the same thing and less expensive.
I can tell you for an absolute fact store brands and 100% the same as some name brands. When I was a kid, I worked stock in a grocery store. Occasionally I'd open a store brand case of pineapple, corn, dog food or whatever, and one of the cans would be labeled with the name brand where they switched over the run.
If you are buying a single bottle of ketchup one time, the savings isn't noticeable, but if you add it up over time, it is considerable.

A while back I visited the Clabber Girl baking powder plant in Terre Haute, Indiana, as it was a sister company of my workplace. (If your spouse/mom bakes, they likely have a can of the stuff.) And, yep, the at the end of the assembly line some cans get the Clabber Girl label, while others get labels for Wal-Mart and other store brands. Clabber Girl gets double the price of the others in stores.
 
Why unbelievable? Someone has to make the stuff? Walmart isn’t going to open a Baking powder factory.

Not everything is Clabber Girl. There are frequently reformulations, often based on customer specs. Take ketchup. Store-brand ketchup is often made by Red Gold. A lot of sausage is made by Jimmy Dean, which is a Tyson Brand. Tyson also owns Folgers, Smuckers, Sara Lee and about a third of the beef in the country.

By the way, Aldi’s doesn’t own a baking powder factory either.
 
The ketchup we buy is Heinz all the way. The taste is identical. The bottle is identical. The label is 99% the same. One says Heinz; the other says Laura Lynn.
 
I figured Clabber Girl was a product of my parents (and maybe my childhood), something relegated to Cracker Barrel decor in this day and age.
 

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