Looking into my crystal Sno-Ball

As I look into my crystal Sno-Ball, here is what I see.  Within 90 days, a foreign-owned corporation will buy the intellectual property of Hostess, buy the briefly idled buildings and delivery trucks, and hire 18,500 non-union Americans to put the products back on the shelves.  In the mean time, 18,500 Americans who paid their unions to get them fired will become part of the ever-growing number of Americans using food stamps.  When they see Twinkies back on the shelves they will need Obamacare to pay for the injuries they’ll suffer from kicking themselves.

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Follow-up – February 11, 2013

Judge OKs auction of Hostess brands.

Source: http://articles.chicagotribune.com/2013-02-11/business/chi-judge-oks-auction-of-hostess-brands-20130211_1_hostess-brands-perella-weinberg-partners-baseline-offer

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Follow-up – January 30, 2013

Apollo Global Management LLC and C. Dean Metropoulos & Co have set a baseline offer of $410 million for Hostess.

Source: http://articles.chicagotribune.com/2013-01-30/news/sns-rt-hostess-twinkies-urgentwnab00qdr-20130130_1_snack-cake-baseline-offer-private-equity-firms

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