- Rose, if I may offer suggestions: 1. Stop reading interpretive articles, the authors usually don t know enough to be writing them. That s certainly the caseMessage 1 of 2 , Dec 11, 2012View Source
Rose, if I may offer suggestions:
1. Stop reading interpretive articles, the authors usually don’t know enough to be writing them. That’s certainly the case here.
2. Start reading financial statements—the actual, detailed financial statements published by this (or any) organization, reviewed by auditors—THOSE statements.
You see, when you speak of indebtedness without speaking of what the debt was USED for—how, when, and under what circumstances the funds were spent—you can’t possibly grasp what’s happened, whether at Hostess or anywhere else. It’s quite literally impossible. People who see the world through the lens of an ideology are continually misled. Numbers, properly computed and presented, mislead no one.
I’ll stop here, because the moderator team received feedback from some group participants that this whole discussion feels WAY off topic to them, and after hearing what was said, I agree.
Best to all,
If you want the truth behind the end of Hostess, read this article, not anti-union talking points. The retired men without college degrees in my family would have made slave wages with no access to clean drinking water if it weren't for unions.
Vulture capitalism -- not unions -- killed Twinkies - Salon
Hedge funds took profits and piled on millions in debt at Hostess. They created this bankruptcy, not unions.
On Dec 2, 2012, at 2:06 PM, Elchanan wrote:
Hostess is failing because its unions are bringing down the company, because of the mass of regulations issued during the past 3
years or so, and because of the impending costs of ObamaCare (both direct costs and looming tax increases). Since the election, the
number of companies either going out of business, shutting facilities, or otherwise announcing layoffs has been astounding. For
day-by-day lists and other news, visit http://www.dailyjobcuts.com/.
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