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

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  •  And they went BK again in 2012... (2+ / 0-)
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    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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