Hostess Brands Inc and its worker unions have agreed to mediation.http://news.yahoo.com/hostess-liquidation-too-sweet-managers...
Exclusive: Sun Capital wants to buy Hostesshttp://finance.fortune.cnn.com/2012/11/19/hostess-sun-buyout...I want my fried Twinkies!http://youtu.be/SH7W-lnkpk0
Just watched a segment on Closing Bell with one of the workers, doubt that they can do in 2 days what they haven’t been able to do in almost a year. Seems the gears are in motion for dismantling Hostess and selling the parts. They have saddled the company with huge debt and unless the union workers want to work for minimum wage I doubt that it can happen.James
Just watched a segment on Closing Bell with one of the workers, doubt that they can do in 2 days what they haven’t been able to do in almost a year. Seems the gears are in motion for dismantling Hostess and selling the parts. The fact that the Hostess products flew off the shelves suggests the worker doesn't fully comprehendthe power of brand. If not the current management, some other entity might be willing to makethe products.
Hmm...makes me want to retract that $100 bid I put on Ebay for a box of Ding-Dongs...
The fact that the Hostess products flew off the shelves suggests the worker doesn't fully comprehendthe power of brand.The company is over a billion dollars in debt, what is making those products fly off the shelves is not the desire to consume them but possibly the desire to profit from them in some strange way like selling Ding-Dongs on E-Bay for 100 dollars a box. James
We all hope that the nostalgic products continue to be available, and that the workers involved find suitable employment.But frankly, I don't see an investment opportunity here. There are no circumstances under which I would take the risk on this one.
That $100 bid for Ding-Dongs on Ebay may be a good deal after all...http://www.streetinsider.com/Corporate+News/Hostess+Scrumpti......Even if things had turned out for the better, it's unclear whether Hostess could reverse the damage of "several" days without revenue...
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