R.I.P. Ding Dong, Twinkie, Sno Ball, etc.

[icenine]

Are they really going under? Or will they outsource production? Hard to fathom no more Hostess twinkies....has there been a big decrease in sales? Has stock fallen? I can tell you the trademark is not going anywhere.

[noonereal]

Originally Posted by icenine

Are they really going under? Or will they outsource production? Hard to fathom no more Hostess twinkies....has there been a big decrease in sales? Has stock fallen? I can tell you the trademark is not going anywhere.

They will sell off the brands and teh stockholders will be fine. It is only the workers that are screwed.

[icenine]

Originally Posted by noonereal

They will sell off the brands and teh stockholders will be fine. It is only the workers that are screwed.

I hope Little Debbie is safe.....


I heard overheard some Marines today saying "Obama" and "18,500" earlier today at work....I did not get the rest of it but once I read this post I knew what they were talking about. I imagine they are blaming Obama for this....please...

Yeah the workers will be screwed and the trademark will go to a Chinese cupcake factory...soon the twinkie boxes will say made in china....

[merrylander]

Originally Posted by icenine

I hope Little Debbie is safe.....


I heard overheard some Marines today saying "Obama" and "18,500" earlier today at work....I did not get the rest of it but once I read this post I knew what they were talking about. I imagine they are blaming Obama for this....please...

Yeah the workers will be screwed and the trademark will go to a Chinese cupcake factory...soon the twinkie boxes will say made in china....

Meanwhile the Pension Benefit Guarantee Agency is going bankrupt as all these corporations are allowed by crooked judges to duck their responsibilities.

[ebacon]

Originally Posted by noonereal

They will sell off the brands and teh stockholders will be fine. It is only the workers that are screwed.

Bankruptcy law defines the priority order that people get paid. Stockholders are at the bottom of the list. From memory the order goes something like this.

1) Lawyers
2) Lenders after bankruptcy filing and taxes
3) Unsecured creditors and employees
4) Shareholders

Secured creditors get whatever asset(s) was pledged as security.

In most cases there is not enough money to pay everyone. Unsecured creditors usually get pennies on the dollar and shareholders get diddly squat.