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<blockquote data-quote="Bagels" data-source="post: 1067938" data-attributes="member: 43436"><p>How am I doing that? According to the article YOU linked to:</p><p></p><p><span style="color: #333333"><span style="font-family: 'Arial'">"...Hostess's two root problems -- a highly leveraged capital structure that had little margin of safety, and high labor costs. Neither problem was adequately addressed in the first bankruptcy, and neither existed to the same degree in major competitors... </span></span><span style="font-family: 'Arial'"><span style="color: #333333">And Hostess still had ludicrous work rules: The Teamsters had separate drivers for deliveries of such goodies as Yankee Doodles and Nature's Pride Nutty Oat."</span></span></p><p></p><p><span style="font-family: 'Arial'"><span style="color: #333333">Hostess emerged from bankruptcy persisting it needed only a limited amount of capital to work with while waiting on operational inefficiencies and increases in sales. It's pretty clear that whoever authored the article felt that Hostess needed to address its labor costs further during its first bankruptcy, although the article is written in a back-handed manner (presumably to make it appear more neutral).</span></span></p></blockquote><p></p>
[QUOTE="Bagels, post: 1067938, member: 43436"] How am I doing that? According to the article YOU linked to: [COLOR=#333333][FONT=Arial]"...Hostess's two root problems -- a highly leveraged capital structure that had little margin of safety, and high labor costs. Neither problem was adequately addressed in the first bankruptcy, and neither existed to the same degree in major competitors... [/FONT][/COLOR][FONT=Arial][COLOR=#333333]And Hostess still had ludicrous work rules: The Teamsters had separate drivers for deliveries of such goodies as Yankee Doodles and Nature's Pride Nutty Oat."[/COLOR][/FONT] [FONT=Arial][COLOR=#333333]Hostess emerged from bankruptcy persisting it needed only a limited amount of capital to work with while waiting on operational inefficiencies and increases in sales. It's pretty clear that whoever authored the article felt that Hostess needed to address its labor costs further during its first bankruptcy, although the article is written in a back-handed manner (presumably to make it appear more neutral).[/COLOR][/FONT] [/QUOTE]
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