Hey Dak,

I'd have to disagree with you on this one. I'm no fan of unions, but what you have here is a greedy private equity firm that borrowed too much money and bought an overpriced asset on borrowed money.

When borrowing costs went up they couldn't cover their debts. They also failed to read a rapidly changing market place where they are yesterdays taste as far as the snack food market goes.

Don't worry, the assets will be sold off, re-structured, and most of those employees will be working again one way or another... just in a more sensibly run company. It's the investors who blew it. Oh well, too bad, another day, another potential take over.

cheers, niteshift

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