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View Diary: Memo to Hostess Brands Execs... (4 comments)

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  •  Hostess, I'm pretty sure, went into bankruptcy (3+ / 0-)
    Recommended by:
    phonegery, avsp, Larsstephens

    in 2004 and 2009...  There is obviously some money to be had by bankrupting the company.

    •  And they went BK again in 2012... (2+ / 0-)
      Recommended by:
      Larsstephens, duckhunter

      I'm still not entirely convinced either bankruptcy was necessary. To qualify for bankruptcy, an entity has to have more debt than assets. Given the difficulty of valuing things like Hostess' 2000+ semitrailers each of which contains 10,000 pounds or so of aluminum, etc., it's hard to put a value on Hostess and few if any creditors challenge bankruptcies.

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