rottingjohnny
Sport climber
mammoth lakes ca
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Nov 16, 2012 - 11:06am PT
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Pass the Piton....Teaching sounds like a good gig up there...? sounds easy..? Why don't you apply for a position...? RJ
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Gary
Social climber
Right outside of Delacroix
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Nov 16, 2012 - 11:33am PT
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That being said, Hostess was about as inefficient as it get due to the unions long term influence.
What a bunch of hooey. If you think the workers are making the decisions there, you're clueless.
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Snowmassguy
Big Wall climber
Boulder
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Nov 16, 2012 - 11:40am PT
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Hey Gary,
Agreed....The workers are/were not in charge. Most were low wage earners that likely worked very hard for their income. That being said, their union did them no favors.
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chez
Social climber
chicago ill
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Nov 16, 2012 - 11:54am PT
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My 10 year old daughter has been telling me Hostess is going out of business for almost a year now.
What a crack up. I mean she knew this truthfully.
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Gary
Social climber
Right outside of Delacroix
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Nov 16, 2012 - 11:58am PT
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snowmassguy, I know that union very well. Trust me, the union is not the problem there.
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apogee
climber
Technically expert, safe belayer, can lead if easy
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Nov 16, 2012 - 12:01pm PT
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"... the union is not the problem there."
Of course it is!
It's the Federal Gov't, too!
And that black Muslim President!
Every Droid knows this!
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apogee
climber
Technically expert, safe belayer, can lead if easy
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Nov 16, 2012 - 12:03pm PT
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Seems to me this is just a case of tragically bad timing.
You'd think that with the new laws in Colorado & Washington, Hostess would soon be seeing exponential growth.
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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Nov 16, 2012 - 12:05pm PT
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Snowmassguy
Big Wall climber
Boulder
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Nov 16, 2012 - 12:28pm PT
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Gary...Im not going to get into the union thing here because you either believe Unions are great or you are against unions. My personal belief is that the union is one part of the equation. This business is a failure. Manufacturing low cost and highly perishable products that need to be trucked all around hell and back and then sold in a super competitive market place through retail chains that want to milk every penny they can out of the manufacturer.
Throw on a bunch of private equity debt and a union workforce and it appears the rest is history.
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apogee
climber
Technically expert, safe belayer, can lead if easy
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Nov 16, 2012 - 12:34pm PT
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"...you either believe Unions are great or you are against unions."
Not me...I'm somewhere between the two.
But to blame Unions solely for the demise of Hostess is just bullsh#t.
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climbski2
Mountain climber
Anchorage AK, Reno NV
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Nov 16, 2012 - 12:43pm PT
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LOL everyone blaming the Union for a boat that is sinking all by itself due to massive debt from 4 leveraged buyouts and inexperienced cheap young MBA dipshit managers on the floor of the facilities. Union coulda disbanded and worked for literally nothing and this company woulda crashed soon anyway. It was planned that way.
It's called vulure capitalism..use a good company to get hands on massive amounts of cash. Pocket said cash.. bankrupt company and sell the pieces for even more cash.
Strange how Sara Lee is doing ok with their Union workers.
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rockermike
Trad climber
Berkeley
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Nov 16, 2012 - 12:59pm PT
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When the egghead bankers buy a company, they price their offer depending on what they think they can do to increase profits which is to say increase the company's market value. No doubt baked into their proforma financial model was the assumption they could break the union, and get the workers to pay for the investors profits. Now, with all the other blunders the investors are hurting. Big deal. They'll sell the brands to recoup part of their loss, but I for one am glad the unions stood up to the smug wallstreeters. Yes, individuals will be hurting. But they are also making a statement that the investors will remember. You can't always assume the line employees want to see you get rich at their expense. If you can't manage a business, then get out.
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Snowmassguy
Big Wall climber
Boulder
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Nov 16, 2012 - 01:08pm PT
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Private Equity rape, lack of capital investment, years bad management, being in a crappy low margi industry, high cost structure, legacy expenses and many more issues lead to the demise of this company. They compete vs other competitors that are both union and non union.
The brands that they own have been actively shopped for sale for years. Competitors will gobble up the brands. Sucks but time to move on.
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Snowmassguy
Trad climber
Calirado
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Nov 16, 2012 - 02:12pm PT
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Was just at the King Soopers....ran into a dude that was pissed they were out of Twinkies. Sold out of their products. They were pretty much sold out of Ding Dongs , Twinkies and other assorted trans fat snacks.
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splitter
Trad climber
da'Raven / Cali Hodad, surfing the galactic plane
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Nov 16, 2012 - 02:17pm PT
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About 30+ years to late for a certain Mr. Milk & his buddy Mr. White, eh?
edit: NCC - "A 1000 years of darkness..." -- Plus, no more possibilities for another "Twinkie Defence" ...
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Norte_Caroliņa_Climber
Gym climber
BigWall Baller From the Holler
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Nov 16, 2012 - 02:23pm PT
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What in the hellfire will the Iowa State Fair, Freemont Street Experience, and purveyrs of Deep Fried _ everywhere do now?
No more deep fried twinkies? No more HoHos and DingDongs, no more Wonder Bread. Chuck Norris was right, 1000 years of darkness starting right now.
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scuffy b
climber
heading slowly NNW
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Nov 16, 2012 - 02:28pm PT
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I guess I'll have to switch to Doritos for fire starter now.
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SteveW
Trad climber
The state of confusion
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Nov 16, 2012 - 03:54pm PT
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They're all gone.
No more Wonder Bread either.
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goatboy smellz
climber
Nederland-GulfBreeze
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Nov 16, 2012 - 04:14pm PT
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F*#k Hostess...
Little Debbie 4 lyfe bitches!!!
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bergbryce
Mountain climber
California
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Nov 16, 2012 - 04:24pm PT
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This brand has been circling the drain for years. The name and recipe for twinkees, wonder "bread", ho hos and all that other crap will retain value that the Bainsters will sell off and disperse among the top mgmt.
Don't worry, you'll still be able to get them at some point in time.
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