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"Hostess declares bankruptcy and fin..."
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Estee 57126 desperate attention whore postings
DAW Level: "Playboy Centerfold"

11-16-12, 11:40 AM (EST)
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4. "RE: Hostess declares bankruptcy and..."
Up until today, I didn't know Hostess existed as its own company. I always thought they were an absorbed brand line for a larger manufacturer -- if I thought about it at all, which wasn't exactly often. (There is a Hostess outlet within a few miles of me -- or was: I've never been in there and don't know if it's still around. Last chance to see...) So news that Hostess was losing money would have been met with a shrug and 'Giant Food Company can afford it' plus the assumption that Tastycake was kicking their rears, at least on the local scale. As part of a multi-billion dollar conglomerate, they probably would have survived. And I'm surprised no one's taken this dark opportunity to make an assimilation attempt.

But they were on their own. And if a company that size had lost, say, five million dollars last year? They're Hostess. Make a couple of tweaks and tough it out.

The last number I saw was $340,000,000 in the red.

No, they are not under any obligation to stay open just so people can keep collecting paychecks. The strikers may have legitimate gripes about salary and benefits, but here we have a company which can't afford to increase either one. Years of sports lockouts and teams claiming to lose money have made me look at declared loss as an aggressive negotiating tactic: we're eight digits in the black, but not on the books you're going to see. But then the Teamsters took a pay cut. That kind of made the ownership side look as if it had a legitimate point.

(Yes, I'd be curious to see what the executives pulled out during that period. No seven-digit bonuses, please.)

I don't know what the employees were making on the baking side of the factory. Maybe they were at that Walmart level of full time being just enough to die on. But that wasn't going to change because the company couldn't afford to alter anything. All striking did was pull the plug that much faster. Good luck explaining that to some of the union heads.

No profit, no hopes for same coming soon enough to save anything, no investors, and no government bailout. They exist to make money. They couldn't. And now they don't exist.

The cupcakes. Eat two in the morning and your body won't digest anything else for the rest of the day.

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Table of Contents
  Subject     Author     Message Date     ID  
 Hostess declares bankruptcy and fin...   Estee     11-16-12       
   RE: Hostess declares bankruptcy and...   kidflash212     11-16-12     1  
   RE: Hostess declares bankruptcy and...   Molaholic     11-16-12     2  
     Pension   AyaK     11-16-12     22  
         RE: Pension   cahaya     11-17-12     28  
     BIL update   Molaholic     04-25-13     50  
   RE: Hostess declares bankruptcy and...   jbug     11-16-12     3  
     RE: Hostess declares bankruptcy and...   Estee     11-16-12     4  
         RE: Hostess declares bankruptcy and...   frodis     11-16-12     16  
         RE: Hostess declares bankruptcy and...   AyaK     11-16-12     23  
             RE: Hostess declares bankruptcy and...   Estee     11-17-12     32  
                 RE: Hostess declares bankruptcy and...   AyaK     11-17-12     33  
     RE: Hostess declares bankruptcy and...   kidflash212     11-16-12     5  
         RE: Hostess declares bankruptcy and...   Estee     11-16-12     6  
             RE: Hostess declares bankruptcy and...   kidflash212     11-16-12     8  
                 RE: Hostess declares bankruptcy and...   Snidget     11-16-12     12  
                 RE: Hostess declares bankruptcy and...   AyaK     11-16-12     24  
                     RE: Hostess declares bankruptcy and...   kidflash212     11-17-12     31  
                         RE: Hostess declares bankruptcy and...   AyaK     11-17-12     34  
                             RE: Hostess declares bankruptcy and...   kidflash212     11-17-12     36  
         RE: Hostess declares bankruptcy and...   AyaK     11-17-12     26  
     RE: Hostess declares bankruptcy and...   Snidget     11-16-12     9  
         RE: Hostess declares bankruptcy and...   Estee     11-16-12     11  
             RE: Hostess declares bankruptcy and...   Snidget     11-16-12     14  
         RE: Hostess declares bankruptcy and...   AyaK     11-17-12     25  
             Hey!   Estee     11-17-12     29  
             RE: Hostess declares bankruptcy and...   Snidget     11-17-12     30  
   RE: Hostess declares bankruptcy and...   Tummy     11-16-12     7  
   RE: Hostess declares bankruptcy and...   VisionQuest     11-16-12     10  
     RE: Hostess declares bankruptcy and...   jbug     11-16-12     21  
   Share your Hostess moments.   Estee     11-16-12     13  
     RE: Share your Hostess moments.   frodis     11-16-12     17  
     RE: Share your Hostess moments.   Brownroach     11-17-12     40  
   RE: Hostess declares bankruptcy and...   CTgirl     11-16-12     15  
   DIY Twinkies   Snidget     11-16-12     18  
   RE: Hostess declares bankruptcy and...   agman     11-16-12     19  
     The obvious joke.   Estee     11-16-12     20  
   RE: Hostess declares bankruptcy and...   Puffy     11-17-12     27  
   Priorities.   Estee     11-17-12     35  
     RE: Priorities.   cahaya     11-17-12     37  
         Realistically   dabo     11-17-12     41  
             RE: Realistically   cahaya     11-17-12     42  
   It's worse than I thought   VisionQuest     11-17-12     38  
     RE: It's worse than I thought   Snidget     11-17-12     39  
   Spending priorities in a recession ...   Estee     11-18-12     43  
   A wrecky tribute   Snidget     11-19-12     44  
   closure delayed   dabo     11-19-12     45  
   Union warfare   AyaK     11-30-12     46  
   Return of the Twinkie?   AyaK     01-29-13     47  
   Return of the Twinkie   dabo     04-25-13     48  
     Fifty percent accuracy.   Estee     04-25-13     49  

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