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(ABC News)   Idiots buying Twinkies at a huge premium on eBay - $60 a box. Given that Mother's Cookies were back on the shelves in six months, we will be likely be tasting schadenfreude along with our creme filling next year   (abcnews.go.com ) divider line
    More: Followup, eBay, Hostess Brands, O'Hare International  
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6535 clicks; posted to Main » on 16 Nov 2012 at 5:51 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2012-11-16 06:15:29 PM  
4 votes:

GreenSun: How can such a company of a very popular food item go bankrupt? Just what the hell happened with all of their money? Twinkies are everywhere yet they're going bankrupt? This is weird!


Well they make an acquisition in the 90s that cost them quite a bit of money and gave them redundant product lines, Hostess makes both Wonder Bread and Butternut bread, they also make Twinkies and Zingers. Then when whatever pie in the sky economies of scale don't materialize and you've got debt obligations to pay, you eventually go bankrupt. While in bankruptcy you get money from two hedge funds and bought out by a private equity firm. The money the private equity firm spent to buy you is now a debt you have to pay back. Oh and all this time you're not spending money on things like improving equipment, so your costs per unit are higher than they would be if you did spend that money. Of course you're not spending it, because thanks to your wonderful decisions you now have too much debt to be able to spend it. And then you end up with debt structured in such a way that even though your total debt is equal to roughly have your revenues, you can't keep going. Granted with Hostess no one is entirely sure just how much debt they have on the books or what their current revenues are since it's a private company and that data doesn't have to be divulged. Though it should come out during bankruptcy proceedings. Oh yeah Hostess also has to pay various fees to the private equity firm. That doesn't help either. But long story short, Hostess decided being Hostess wasn't enough and that's where all the trouble started.
2012-11-16 03:36:58 PM  
4 votes:
www.google.ca
2012-11-16 04:51:02 PM  
3 votes:
I dont care about Twinkies but you can have my Mother's frosted animal cookies when you pry them from my cold dead hands!
2012-11-16 03:43:55 PM  
3 votes:
The only reason there may be a Twinkie shortage before some other company buys the name and recipe and resumes production is because of idiots hoarding Twinkies because ZOMG TWINKIES ARE GONE 4EVA WE HAVE NO IDEA HOW BUSINESS WORKS I BLAME FARTBONGO/UNIONS/LACK OF PRAYER!!!111!
2012-11-16 06:14:42 PM  
2 votes:
What are the odds the "capital (debt) management" groups that own Hostess today will still own Hostess next month, only under different names. The auction and foreclosure services will be contracted to companies they own which will sell the old Hostess at pennies on the dollar to the "new" Hostess, which of course will not have to deal with past binding labor agreements. All the trained and capable people now at Hostess will, in the meantime, be hired off by other bakeries needing help taking up the slack in the market. The "new Hostess" will be importing your All-American snack foods from Mexico or overseas, the new/old owners will be laughing all the way to their offshore tax-haven banks. And, first against the wall Day One of the Revolution - you don't mess with our Twinkies!
2012-11-16 06:06:19 PM  
2 votes:

Silverstaff: Good riddance.

Less junk food on American shelves can only be a good thing.


Twinkies aren't going anywhere. Someone else will buy up the brand and start stocking new ones before anyone notices a blip in the supply. I hope it's Bimbo, because I like saying Bimbo.
2012-11-16 06:04:53 PM  
2 votes:

Loadmaster: Damn labor unions.


Damn private equity firms buying companies, saddling them with debt to pay extraordinary dividends to the private equity firms, then trying to cut employees pay to make the loan payments on that debt.
2012-11-16 06:03:05 PM  
2 votes:
fark you people.

Somewhere in there, is the last box of twinkies on earth. Believe it or not, Twinkies have an expiration date. One day, life's little twinkie gauge is going to go..ploop. Zero.

Time to nut up, or shut up.

i.imgur.com
2012-11-16 06:01:22 PM  
2 votes:

badhatharry: Good job unions. Twinkies and Ding Dongs have gone Galt.


Good riddance.

Less junk food on American shelves can only be a good thing.

Interestingly, Hostess did cite reduced demand for Twinkies, due to an increased demand for healthier foods, as one of the reasons for their collapse: Link

Yeah, they had a pension fund that was almost a billion in the hole, and they had just been hit with a big strike last week, but they'd been in bankruptcy since January over declining sales.

Isn't this the whole "free market" thing at work? People want healthier food, people stop buying junk food. Junk food companies go out of business.
2012-11-16 05:58:03 PM  
2 votes:
Im never selling my Reggie Bars.
2012-11-16 05:56:12 PM  
2 votes:
"Los submarinos" are way better.
i.imgur.com
2012-11-16 03:43:21 PM  
2 votes:
Darn...if I had bought a few boxes last week when they were 2 for $4 and auctioned them this week, I could've made enough $$ to pay for all of my holiday shopping. :(
2012-11-16 03:12:27 PM  
2 votes:
*sigh*

Why do I bother working for a living when I have such evidence of the continued imbecility of the American public? I could just scam the morons for a living - better hours, higher compensation, and I keep their money in circulation
2012-11-17 01:06:58 AM  
1 vote:

Misch: Loadmaster: Damn labor unions.

Damn private equity firms buying companies, saddling them with debt to pay extraordinary dividends to the private equity firms, then trying to cut employees pay to make the loan payments on that debt.


Damn customers. When's the last time you bought a Hostess product?
2012-11-16 08:46:37 PM  
1 vote:

shill1253: crying eagle


i.imgur.com
2012-11-16 08:42:48 PM  
1 vote:

hbk72777: I'm sure Drakes, Little Debbie, Entenmann's or some other company will buy the brands


Well then whar Stella D'Oro? WHAR?
2012-11-16 08:32:10 PM  
1 vote:
Look, a side note on the unions. It's not the idea of unions that is the problem. It's the ridiculous abuse of them that's the problem. People see "union" and think "cushy job that gets you set for life," not "protected work environment that halts employer abuse." That really shouldn't be the case, but it is. People use unions to make more than they should with more benefits than any company can maintain forever, and then wonder why they go overseas or bankrupt.

That being said, when you're a union and your strike kills the market for your talents, YOU'RE DOING IT WRONG.
2012-11-16 08:16:01 PM  
1 vote:
All this happened because they took out the famous Framingham Hostess Factory (the one mentioned in Family Guy) and replaced it with the stupidity of the Natick Mall Collection Mall expansion, with its garages and Niemann Marcus and luxury apartments that everyone who lives in them must be getting ready to run the fark away from this week.

Though if they knew how much these threads are making me crave the living fark outta a Twinkie, they'd "die" more often! :P
2012-11-16 07:27:40 PM  
1 vote:
Hey, has anyone made any Zombieland references yet?
2012-11-16 07:24:48 PM  
1 vote:
This is all just a marketing ploy by Hostess. You watch. Not only will Twinkies still be on sale this time next year, they'll be the SAME TWINKIES. I mean the exact same ones.

Mark my words.
2012-11-16 07:00:31 PM  
1 vote:

styckx: thornhill: Tastykake is so much better

[media.nowpublic.net image 635x424]

Indeed..

Well.. Besides this bullshiat they tried selling to us here this summer.. Seriously. WTF where they thinking?

[i.imgur.com image 850x637]


I had an Orange Dreamsicle Tastykake when I was in Philly over the summer - it was awesome. I wish that we could get them in California.
2012-11-16 06:57:16 PM  
1 vote:
Just don't take these away !
1.bp.blogspot.com
2012-11-16 06:39:40 PM  
1 vote:
Far superior to the Twinkie.
di1-2.shoppingshadow.com
Cream filled coffee cakes.

Seriously, most people haven't given a damn about Twinkies in the last 20 years, and suddenly their demise is the greatest rejedy since 9/11.

If everybody loved Twinkies so much, they wouldn't be declaring bankruptcy for the second time.
2012-11-16 06:28:55 PM  
1 vote:
I'm feeling cosmic suddenly.
2012-11-16 06:21:36 PM  
1 vote:

styckx: thornhill: Tastykake is so much better

[media.nowpublic.net image 635x424]

Indeed..

Well.. Besides this bullshiat they tried selling to us here this summer.. Seriously. WTF where they thinking?

[i.imgur.com image 850x637]


Ew.

Cakes should be earthy, not citrusy; that includes you, fruitcakes of the world X-mas.

*)
2012-11-16 06:19:57 PM  
1 vote:

styckx: Well.. Besides this bullshiat they tried selling to us here this summer.. Seriously. WTF where they thinking?


I have no idea what they were thinking, but damn, wish I would've given that a try.
2012-11-16 06:17:25 PM  
1 vote:
Maybe it's age or evolving taste, but last time I had a Twinkie, it tasted like sch***enfreude.
2012-11-16 06:16:42 PM  
1 vote:
www.seinfeldonline.com
But are you Twinkie Worthy?
2012-11-16 06:12:11 PM  
1 vote:

hbk72777: I'm sure Drakes, Little Debbie, Entenmann's or some other company will buy the brands


Drakes is a Hostess brand.
2012-11-16 06:11:28 PM  
1 vote:

hbk72777: I'm sure Drakes, Little Debbie, Entenmann's or some other company will buy the brands


Hostess owned Drakes.
2012-11-16 06:09:54 PM  
1 vote:
Tastykake is so much better

media.nowpublic.net
2012-11-16 06:09:44 PM  
1 vote:

Sapper_Topo: Mother's


It's not the same. The frosted animal crackers are smaller and taste different. The Ho Ho as we know and love it is dead.
2012-11-16 06:09:36 PM  
1 vote:

Son of Thunder: Bimbo.


It looks like bimbo, but it's pronounce Beembo. It's a lot of fun if you draw out the e.
2012-11-16 06:08:09 PM  
1 vote:
I'm sure Drakes, Little Debbie, Entenmann's or some other company will buy the brands
2012-11-16 06:06:04 PM  
1 vote:
It's the perfect storm of American's shiatty diets, poor impulse control, and kindergartener attitudes toward finances. It's fun to watch.
2012-11-16 06:05:55 PM  
1 vote:
"Twinkies have a shelf life of 20 years. If you eat a Twinkie that's 20 years and one day old, do you say, 'Ew, does this taste funny to you?'"
2012-11-16 06:03:48 PM  
1 vote:

scottydoesntknow: So are they going to put Twinkie the Kid down? Or just release him into the wild?


He's far too acclimated to living among and having his needs met by humans to stand much of a chance at survival in the wild.

It's unlikely he would be accepted into an established pack and may even be killed by another Twinkie, that is if he didnt starve to death first.

Also, neither RC Cola or DADs Rootbeer have been the same since their production was taken over by others.
2012-11-16 05:58:00 PM  
1 vote:
I was going to make a joke, but it had too many hard words to spell. My point is this: Twinkies last forever.
2012-11-16 05:57:20 PM  
1 vote:
we cannot allow big twinkie to fail, think of all the other support industries involved. all the twinkie part suppliers. it would destroy the economy to allow big twinkie to fail.


in all seriousness, I expect Nabisco or whomever puts out little debbie to pick up the line and pick up the slack. Hostess itself has been dead for years.

though I expect the wonder bread thrift store to be dead very soon, and that's a shame.. it was always my go to place for sugary, devoid of any nutritional value pastry snacks.

is there a white house petition I can sign to bring back chocodiles?

dear President Obama, please force whomever takes over the hostess line to bring back chocodiles, or I am seconding from the union!
2012-11-16 05:55:11 PM  
1 vote:

Sapper_Topo: I dont care about Twinkies but you can have my Mother's frosted animal cookies when you pry them from my cold dead hands!


They taste like cardboard but it's the MOST DELICIOUS CARDBOARD ever.
2012-11-16 05:07:28 PM  
1 vote:
img.photobucket.com

Silly customer! You cannot hurt hoard a Twinkie!
2012-11-16 05:04:47 PM  
1 vote:

Sapper_Topo: I dont care about Twinkies but you can have my Mother's frosted animal cookies when you pry them from my cold dead hands!


The only product in their entire line that's worth a damn.
2012-11-16 04:30:10 PM  
1 vote:
So are they going to put Twinkie the Kid down? Or just release him into the wild?
2012-11-16 04:25:45 PM  
1 vote:

bradkanus: Glad to see there are some people around who understand what's going on. The recipee will be sold -probably along with the buildings they're making them in now. Doubtful people will even notice a break in production.


I think there will be a bit of a break, supplies will dwindle, then when all seems lost, some company will swoop down and announce Twinkies are saved and get a huge bump in sales because ZOMG TWINKIES WERE SAVED LETS GO BUY SOME NOW WE MISSED THEM THIS WEEK THEY WEREN'T AVAILABLE!!!111!!2

It worked when Coke announced the return of Coca Cola Classic, didn't it?
2012-11-16 04:11:38 PM  
1 vote:
Is this a great country or what?
2012-11-16 03:55:25 PM  
1 vote:

Osomatic: I wish I could sell Twinkies short. Not the stock of the Hostess corporation, I mean actual Twinkies.


A twinkie derivative? Intriguing...
2012-11-16 03:50:17 PM  
1 vote:
According to the guy on the radio this morning, Canadian Twinkies are still going to be made. Suck it 'Merica.
2012-11-16 03:21:37 PM  
1 vote:
They'll be back. Twinkies are far too nasty to ever go away permanently.
 
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