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Old 11-16-2012, 11:33 AM   #10
Rose
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Default Re: R.I.P. Hostess bakery

Quote:
Originally Posted by Droid101
The $700 million in debt is what killed Hostess. Their hedge fund managers hollowed out the company, and used the cash to purchase their next victim. When Hostess couldn't make their loan payment, it was up to the employees to pony up the difference. The owners had already made their loot.
Not only that, but it's a bad business when what 36% of Americans are obese and another 30% are overweight but not obese a huge junk food company can't stay in business.
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