Posted by wisbaker on November 16, 2012 at 15:37:26 from (207.118.181.192):
In Reply to: O/T No more Twinkies posted by 37Chief on November 16, 2012 at 08:23:25:
Hostess won't be sold it's being liquidated, just like Saab Autos, if it was sold as a business the new owners would have to deal with the unions, in liquidation the business will cease to exist. The assets of the business will be sold this would include trademarks, recipes and plants. Any money raised from the sale of the assets will go to debtors in a manner determined by law. It is based on the security or position of the debt. If assets were pledged as collateral against the debt those obligations will be paid first. The debt holders may get less than a dollar for each dollar owed. The stockholders actually lost the company several years ago, holders of secured debt seized the company to satisfy the liens on assets they had. Since then the equity firm has invested more money in the company. More than likely this new debt is of a higher position than the previous debt. So if you own something and borrow against it and don't pay the money back the people that loaned you the money can seize some or all of the owned assets to satisfy the debt.
For all you union fans consider this one. My wife is a Unionized worker (AFSCME) and works at the local hospital. She pays dues, she is a clerical worker, but earns less than custodians or clerical workers for the county, also AFSCME employees. As a mater of fact she earns less per hour than any unionized county employee. She works second shift and is required to take her one allowed break 1 1/2 hours into her shift, because that's the only time they have someone to cover her station. Requiring a break that early in an 8 hour shift is against both state and federal law, if she complains she will be fired, the union will do nothing about it. So tell me how wonderful Unions are! Might better pay tributes to the Mob, you'll get a better return on you investment, seems all we got for those dues was another 4 years of Barry.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
