Originally Posted by niteshift
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


Yep. It was the the greedy Capitalists. Shame on them for making a profit.

What do you think the companies that buy up those assets will be paying the new employees to make those Twinkies?
If they are "sensibly run" I seriously doubt it will be $24.00 per hour.
It wouldn't surprise me a bit if foreign companies buy the product name

Last edited by Bill Robinson; 11/18/12 04:00 PM.
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