UnThreaded | Threaded | Whole Thread (71) | Ignore Thread Prev | Next
Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 884511  
Subject: Re: WMT Workers Getting Spines for Xmas Date: 11/17/2012 11:25 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 5
And Commodore64, it wasn't the unions that messed up Hostess.

Over capacity in the industry is going to result in business failures. There is competition for a decreasing market. Hostess has been struggling with market share for years, including a previous bankruptcy in 2004.

2 billion in unfunded pension liabilities doesn't help either.

The hedge fund was its only chance for survival or it would have liquidated soon.

Unions played brinkmanship and lost. They need someone to blame, therefore; it must be the evil investors.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (71) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement