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  #1   ^
Old Wed, Jan-11-12, 07:36
NixCarbos's Avatar
NixCarbos NixCarbos is offline
Give A Damn
Posts: 4,016
 
Plan: Primal Blueprint
Stats: 293/234.4/175 Female 5' 5 3/4"
BF:
Progress: 50%
Location: Canada
Default Twinkies maker Hostess Brands files for bankruptcy protection

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  #2   ^
Old Wed, Jan-11-12, 09:58
aj_cohn's Avatar
aj_cohn aj_cohn is offline
Senior Member
Posts: 3,948
 
Plan: Protein Power
Stats: 213/167/165 Male 65 in.
BF:35%/23%/20%
Progress: 96%
Location: United States
Default

FTFA:
Quote:
Twinkies fans shouldn't fret, however. The privately held Irving, Texas bakery company says it will be able to maintain routine operations thanks to a $75 million financing commitment from a group of lenders.

What's intrigued me is that nobody else wants to buy this company.
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  #3   ^
Old Wed, Jan-11-12, 10:11
ICDogg's Avatar
ICDogg ICDogg is offline
Senior Member
Posts: 1,563
 
Plan: Low carb, high fat keto
Stats: 310/212/183 Male 6'0"
BF:D
Progress: 77%
Location: Philadelphia area
Default

It's a ploy to rip the workers/retired workers off of the pension money they have accumulated. If I say much more, I'll be getting too political, I'm afraid.
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  #4   ^
Old Wed, Jan-11-12, 10:53
Sue333 Sue333 is offline
Senior Member
Posts: 924
 
Plan: Paleo/Primal
Stats: 226/181.5/150 Female 5'7"
BF:Why yes it is!
Progress: 59%
Location: Saskatoon Saskatchewan
Default

Anyone watch Zombieland? One of our "heros" is on a quest for a Twinkie. It's pretty funny!
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  #5   ^
Old Wed, Jan-11-12, 11:34
Squarecube's Avatar
Squarecube Squarecube is offline
Senior Member
Posts: 861
 
Plan: atkins/paleo/IF
Stats: 186.5/159.0/160 Male 5' 11"
BF:
Progress: 104%
Location: NYC
Default

Quote:
Originally Posted by ICDogg
It's a ploy to rip the workers/retired workers off of the pension money they have accumulated. If I say much more, I'll be getting too political, I'm afraid.


Nobody eats wonder bread and twinkies the way they did 30 years ago. Wonder (or other sponge-like regional brands) used to be fairly common breakfast food -- it ain't so any more. In today's world of whole grain wholesomeness, I don't think there would be a bread company that would want to associate Hostess with their name.

The way I see it the union got fat off refined grain and now the growth as stopped. The company has to deal with it one way or the other. I don't see why they can't successfully expand into the honey, nut, whole wheat nonsense.

Nobody looks towards Hostess when they want really good bagels, croissants, or any kind of interesting bread. The world has changed.
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  #6   ^
Old Wed, Jan-11-12, 12:13
mike_d's Avatar
mike_d mike_d is online now
Grease is the word!
Posts: 8,320
 
Plan: PSMF/IF
Stats: 236/181/180 Male 72 inches
BF:disappearing!
Progress: 98%
Location: Alamo city, Texas
Default

Maybe a merger with Little Debbie is in order?
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  #7   ^
Old Wed, Jan-11-12, 12:28
RobLL RobLL is offline
Senior Member
Posts: 1,648
 
Plan: generalized low carb
Stats: 205/180/185 Male 67
BF:31%/14?%/12%
Progress: 125%
Location: Pacific Northwest
Default

I still hear the call from days past of Wonder Bread with peanut butter and homemade jam; also with baloney, Miracle Whip, and lettuce. Sigh!
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  #8   ^
Old Wed, Jan-11-12, 12:29
aj_cohn's Avatar
aj_cohn aj_cohn is offline
Senior Member
Posts: 3,948
 
Plan: Protein Power
Stats: 213/167/165 Male 65 in.
BF:35%/23%/20%
Progress: 96%
Location: United States
Default

As ICDogg pointed out, Hostess Brands is saddled with a lot of pension obligations. I can't imagine who'd want to buy (or merge with) that. The brand names might be worth something, but you can buy that intellectual property in bankruptcy proceedings.
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  #9   ^
Old Wed, Jan-11-12, 13:34
Merpig's Avatar
Merpig Merpig is offline
Senior Member
Posts: 6,163
 
Plan: IF/Fung IDM/Potato Hack?
Stats: 375/272.6/175 Female 66 inches
BF:
Progress: 51%
Location: NE Florida
Default

Quote:
Originally Posted by aj_cohn
As ICDogg pointed out, Hostess Brands is saddled with a lot of pension obligations. I can't imagine who'd want to buy (or merge with) that. The brand names might be worth something, but you can buy that intellectual property in bankruptcy proceedings.
There is a great new book out by Ellen Schultz of the Wall Street Journal: Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers which makes an amazing point that it's actual corporate greed and not pension obligations that causes huge cuts and eliminations of pensions to the "small guy". After reading that book I feel like saying that "corporationss are drowning under pension obligations" is about as acurate as saying "eat a low fat vegan diet and exercise hard as a key to good health".

Even when I was a kid 50 years ago I *loathed* Twinkies. Thought then and still think they are disgusting. But I admit I did love the Ho-Hos and Ding Dongs, and those Hostess cupcakes with the little squiggle of icing across the top and the "creme" filling. I like to think parents are more discerning these days, but I still see a lot of cr*p in gorcery carts when I go to the store.
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  #10   ^
Old Wed, Jan-11-12, 15:55
Nancy LC's Avatar
Nancy LC Nancy LC is offline
Experimenter
Posts: 45,298
 
Plan: Paleo 99.5%
Stats: 210/170/160 Female 67.5"
BF:
Progress: 80%
Location: San Diego, CA
Default

Quote:
Originally Posted by ICDogg
It's a ploy to rip the workers/retired workers off of the pension money they have accumulated. If I say much more, I'll be getting too political, I'm afraid.

Ah yes, not the first time that has happened, unfortunately.
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  #11   ^
Old Wed, Jan-11-12, 16:09
kvcooks's Avatar
kvcooks kvcooks is offline
Senior Member
Posts: 1,831
 
Plan: Atkins
Stats: 180/138/145 Female 5'7"
BF:
Progress: 120%
Location: Chicago
Default

Quote:
I *loathed* Twinkies. Thought then and still think they are disgusting. But I admit I did love the Ho-Hos and Ding Dongs

Awww, I'm getting all nostalgic. I loved these, too, but my favorite were the "fruit" pies. Probably had no fruit at all, but the fried dough crust were sheer heaven to me on my walk home from school.
Quote:
it's actual corporate greed and not pension obligations that causes huge cuts and eliminations of pensions to the "small guy"

I feel sorry for all the workers either way. So many jobs going away- how can people make a living here anymore?!
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  #12   ^
Old Wed, Jan-11-12, 16:45
KarenJ's Avatar
KarenJ KarenJ is offline
Senior Member
Posts: 1,564
 
Plan: tasty animals with butter
Stats: 170/115/110 Female 60"
BF:maintaining
Progress: 92%
Location: Northeastern Illinois
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One of the things on my Bucket List was to try a fried Twinkie. I know I shouldn't.
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  #13   ^
Old Wed, Jan-11-12, 16:48
lovemypets's Avatar
lovemypets lovemypets is offline
Senior Member
Posts: 1,739
 
Plan: low carb
Stats: 259/162.4/155 Female 5'1"
BF:
Progress: 93%
Default

Those poor workers.... losing their pension $ and they probably have been out of insurance for quite a while now due to lack of payment.
This is why unions (at least ours) now require a bond to secure the companies payments.
This way when the company defaults..... the workers are taken care of.

Of coarse they want to slime their way out of that debt.
Wonder what bonuses the executives got last year
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  #14   ^
Old Wed, Jan-11-12, 17:12
Squarecube's Avatar
Squarecube Squarecube is offline
Senior Member
Posts: 861
 
Plan: atkins/paleo/IF
Stats: 186.5/159.0/160 Male 5' 11"
BF:
Progress: 104%
Location: NYC
Default

Quote:
Originally Posted by KarenJ
One of the things on my Bucket List was to try a fried Twinkie. I know I shouldn't.


I did try one once -- loathsome. But I never thought much of twinkies in the first place.

However, this year I tried fried mac and cheese for the first time. After eating low carb for years, I didn't think it worth it. It was mostly bread coating. Simple fried cheese alone has much more flavor - especially if you use bacon fat.
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  #15   ^
Old Wed, Jan-11-12, 17:52
aj_cohn's Avatar
aj_cohn aj_cohn is offline
Senior Member
Posts: 3,948
 
Plan: Protein Power
Stats: 213/167/165 Male 65 in.
BF:35%/23%/20%
Progress: 96%
Location: United States
Default

Quote:
Originally Posted by Merpig
There is a great new book out by Ellen Schultz of the Wall Street Journal: Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers which makes an amazing point that it's actual corporate greed and not pension obligations that causes huge cuts and eliminations of pensions to the "small guy". After reading that book I feel like saying that "corporationss are drowning under pension obligations" is about as acurate as saying "eat a low fat vegan diet and exercise hard as a key to good health".


You must be loads of fun at parties.

But seriously, thanks for the book reco. I need something to read on my upcoming trip.
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