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 STOCK UP NOW - Twinkies Filing For Bankruptcy

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CajunKing

  • Total Posts: 6317
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  • Location: Live at Saint Clair
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STOCK UP NOW - Twinkies Filing For Bankruptcy Wed, 01/11/12 3:08 PM (permalink)
Twinkie Baker files for protection
 
http://news.yahoo.com/ico...ankrupt-173021824.html
 
without starting a political debate...  but when you have to pay your employees pensions and medical in the amount of almost 1 BILLION dollars, something is wrong.
 
 
#1
    felix4067

    • Total Posts: 3305
    • Joined: 12/13/2003
    • Location: Near Grand Rapids, MI
    Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Wed, 01/11/12 3:14 PM (permalink)
    Out of curiosity, where did you get the 1 billion number? I don't see it anywhere in the article.
     
    #2
      Foodbme

      • Total Posts: 9581
      • Joined: 9/1/2006
      • Location: Gilbert, AZ
      Oh No!! Twinkies, Ding Dongs, Ho Ho's & Sno Balls Go Bankrupt! Wed, 01/11/12 4:13 PM (permalink)
      Say it isn't so!! Hostess Brands, the makers of these delights has filed for Bankruptcy. It's no wonder that the makers of Wonder Bread had to file. They say people are eating healther foods like Yogurt & Fruit. Imagine that!
      http://www.msnbc.msn.com/id/45955488/ns/business-stocks_and_economy/
       
      #3
        CajunKing

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        Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Wed, 01/11/12 4:19 PM (permalink)
        The story on CNN.
        They owe $944.2 Million to one of the pension/health benefits program
        and
        $11.8 Million to another
         
        "In its filing with the U.S. Bankruptcy Court for the Southern District of New York, Hostess disclosed that its biggest unsecured creditor is the Bakery & Confectionary Union & Industry International Pension Fund, which it owes approximately $944.2 million.
        Its second-largest unsecured creditor, Central States, Southeast and Southwest Areas Pension Plan is owed far less, about $11.8 million."
         
        Thank You Wall Street Journal for the quote
        <message edited by CajunKing on Wed, 01/11/12 4:24 PM>
         
        #4
          KurtSara

          • Total Posts: 181
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          • Location: Central MN
          Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Wed, 01/11/12 4:26 PM (permalink)
          felix4067


          Out of curiosity, where did you get the 1 billion number? I don't see it anywhere in the article.

          , I don't see that either, as a union worker though, I get a lot of bs from friends.
           
          #5
            ces1948

            • Total Posts: 1499
            • Joined: 8/6/2003
            • Location: Port St Lucie, Fl
            Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Wed, 01/11/12 4:58 PM (permalink)
            I guess they made promises to their workers that they couldn't or wouldn't keep. So many things I could say here but won't.
             
             
            #6
              jman

              • Total Posts: 1277
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              • Location: berea, KY
              Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Wed, 01/11/12 5:27 PM (permalink)
              There's a lot to be said on this subject, but I think I'll just sit back and see where this thread goes.
               
              #7
                Root-Beer Man

                • Total Posts: 332
                • Joined: 1/9/2006
                • Location: Noblesville, IN
                Re:Oh No!! Twinkies, Ding Dongs, Ho Ho's & Sno Balls Go Bankrupt! Wed, 01/11/12 6:28 PM (permalink)
                Well, we've done our part to help them. I've got two packs of their golden cupcakes in the pantry.
                 
                #8
                  Tony Bad

                  Re:Oh No!! Twinkies, Ding Dongs, Ho Ho's & Sno Balls Go Bankrupt! Thu, 01/12/12 10:12 AM (permalink)
                  One of the NY papers had the headline "Hostess runs out of dough".
                   
                  #9
                    wheregreggeats.com

                    Re:Oh No!! Twinkies, Ding Dongs, Ho Ho's & Sno Balls Go Bankrupt! Thu, 01/12/12 1:03 PM (permalink)
                    Tony Bad


                    One of the NY papers had the headline "Hostess runs out of dough".

                    Sadly, the play on words wouldn't have worked if more to the point ... "Hostess runs out of ... Corn Syrup, Sugar, High Fructose Corn Syrup, Water, Partially Hydrogenated Vegetable and/or Animal Shortening (Soybean, Cottonseed and/or Canola Oil, Beef Fat) ... Dextrose. ... Modified Corn Starch, Glucose, Leavening ... Sodium Acid Pyrophosphate, Baking Soda, Monocalcium Phosphate ... Sweet Dairy Whey, Soy Protein Isolate, Calcium and Sodium Caseinate, Salt, Mono and Diglycerides, Polysorbate 60, Soy Lecithin, Soy Flour, Cornstarch, Cellulose Gum, Sodium Stearoyl Lactylate, Natural and Artificial Flavorsn Yellow 5, Red 40, AND Sorbic Acid (TO RETAIN FRESHNESS)" Yellow 5, Red 40."  Might not have had the same humorus ring.

                     
                    #10
                      Tony Bad

                      Re:Oh No!! Twinkies, Ding Dongs, Ho Ho's & Sno Balls Go Bankrupt! Thu, 01/12/12 1:05 PM (permalink)
                      wheregreggeats.com


                      Tony Bad


                      One of the NY papers had the headline "Hostess runs out of dough".

                      Sadly, the play on words wouldn't have worked if more to the point ... "Hostess runs out of ... Corn Syrup, Sugar, High Fructose Corn Syrup, Water, Partially Hydrogenated Vegetable and/or Animal Shortening (Soybean, Cottonseed and/or Canola Oil, Beef Fat) ... Dextrose. ... Modified Corn Starch, Glucose, Leavening ... Sodium Acid Pyrophosphate, Baking Soda, Monocalcium Phosphate ... Sweet Dairy Whey, Soy Protein Isolate, Calcium and Sodium Caseinate, Salt, Mono and Diglycerides, Polysorbate 60, Soy Lecithin, Soy Flour, Cornstarch, Cellulose Gum, Sodium Stearoyl Lactylate, Natural and Artificial Flavorsn Yellow 5, Red 40, AND Sorbic Acid (TO RETAIN FRESHNESS)" Yellow 5, Red 40."  Might not have had the same humorus ring.


                       
                      Yes...that would be much more to the point, but I think it was the NY Post...and they only deal in 1 or 2 syllable words!
                       
                      #11
                        ChrisOC

                        • Total Posts: 902
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                        • Location: Ocean City, NJ
                        Re:Oh No!! Twinkies, Ding Dongs, Ho Ho's & Sno Balls Go Bankrupt! Thu, 01/12/12 2:16 PM (permalink)
                        Picked up a box of Twinkies at Walmart this morning.
                         
                        #12
                          Davydd

                          • Total Posts: 6230
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                          • Location: Tonka Bay, MN
                          Re:Oh No!! Twinkies, Ding Dongs, Ho Ho's & Sno Balls Go Bankrupt! Thu, 01/12/12 3:01 PM (permalink)
                          Peanut butter sandwiches will never taste the same without mushy white Wonder Bread.
                           
                          #13
                            philM76

                            • Total Posts: 4
                            • Joined: 1/3/2012
                            • Location: Westwood, CA
                            Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Tue, 01/17/12 6:33 AM (permalink)
                            CajunKing


                            Twinkie Baker files for protection



                            without starting a political debate...  but when you have to pay your employees pensions and medical in the amount of almost 1 BILLION dollars, something is wrong.


                             
                            Well you can't blame it on the fact that companies actually have to insure their workers though. As a matter of fact if you accomplish to actually double the annual expense for health care (there is supposed to be a link here backing this up) the within 20 years noone has to wonder that at some point health care is getting expensive for companies and individuals ( I have heard companies in the health care business are doing kind of well though, but that would be political debate I guess)
                            <message edited by philM76 on Tue, 01/17/12 6:34 AM>
                             
                            #14
                              harleytexas

                              • Total Posts: 101
                              • Joined: 7/28/2008
                              • Location: Belton, TX
                              Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Mon, 02/13/12 5:15 AM (permalink)
                              I've had twinkies once...yuck!
                               
                              #15
                                Cosmos

                                • Total Posts: 1448
                                • Joined: 5/14/2002
                                • Location: Syracuse, NY
                                Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Wed, 02/15/12 8:47 PM (permalink)
                                Buy as much as you can...its not like they will go bad.....
                                 
                                #16
                                  BelleReve

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                                  • Location: New Orleans, LA
                                  Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Sat, 02/18/12 1:40 PM (permalink)
                                  to me, Little Debbie cloud cakes taste the same and you save a dollar.
                                   
                                  #17
                                    bartl

                                    • Total Posts: 1210
                                    • Joined: 7/6/2004
                                    • Location: New Milford, NJ
                                    Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Wed, 02/22/12 8:39 PM (permalink)
                                    BelleReve
                                    to me, Little Debbie cloud cakes taste the same and you save a dollar.

                                    I discovered Little Debbie about a decade ago, and was surprised by their (relatively!) high level of quality. Among other things, most of their confections are made with sugar; there's some corn syrup, but very few of their products are made with HFCS, and, even when they do, it tends to be way down on their ingredients list. Mind you, there is a LOT of sugar in their products.
                                     
                                    Bart
                                     
                                    #18
                                      BelleReve

                                      • Total Posts: 1138
                                      • Joined: 8/4/2005
                                      • Location: New Orleans, LA
                                      Re:STOCK UP NOW - Twinkies Filing For Bankruptcy Sun, 02/26/12 2:29 PM (permalink)
                                      bartl - thanks for the info, can't say I've tried a lot of the products, but sometimes I'll buy a box of devil cakes and stick them in my refrigerator.  I think these are what a co-worker once told me are good to microwave for hot fudge cake. 
                                       
                                      #19
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