With Twinkies Set To Return, Ebay "Collectible" Buyers Get Harsh Lesson In US Bankruptcy Law
Remember when greed-stricken Capitalist eBay'ers bid a single-Twinkie up to $8000.00? It appears our rather prescient note that they may regret not comprehending the US bankruptcy process was spot on as NBC News reports that the new owners of the Hostess Brand "look forward to having America's favorite snacks back on the shelf by this summer." The buying group, led by private equity shop Apollo Global, got news of their $410 million winning bid late last night. We suspect the re-establishment of these brands on store-shelves may cut the price a little from $8000 (or perhaps the all-knowing 'market' price signals that demand is there at that price?) - the question is - does eBay have a CFTC-equivalent that the winning Twinkie bidder can cry fat-finger to? Meanwhile, we wonder how long will it be before CNBC gets a visit from the friendly local bakers' union once again?
The new owner of Hostess Brands snack cakes hopes to have Twinkies back on U.S. store shelves by this summer, according to a member of the purchasing group.
"Our family is thrilled to have the opportunity to reestablish these iconic brands with new creative marketing ideas and renewed sales efforts and investment," Daren Metropoulos, a principal at his family's private equity firm, told Reuters in an email on Tuesday.
"We look forward to having America's favorite snacks back on the shelf by this summer."
Daren's father, Dean Metropoulos, teamed up with Apollo Global Management to offer $410 million for Twinkies and other snack cakes. Their offer was to serve as the minimum offer for the business but no other bidders emerged.
News of their winning offer was revealed late on Monday in a court filing.
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I'm sure if they wanted, they could double or triple the original price easy and they would still be selling a lot of them.
If there were a twinkie exchange, it just crashed.
"Remember when greed-stricken Capitalist eBay'ers bid a single-Twinkie up to $8000.00?"
You'd think a financial-centric blog like Zerohedge would have writers who know the difference between 'bid' and 'ask'. There are 0 bids on the $8000 ask for that twinkie.
Do you have any idea how many milliseconds that would take to check?
More than I had to spare, I might add.
They trying to ban large sugary drinks and wont ban this shit? They should not even be allowed to make this unhealthy crap. Our society really is fucked up.
Bloomberg is only Mayor of New York, not President of America (yet).
the hardest lesson for twinkie hoarders will be the 180 bpm over rough terrain at night, fuck it's gonna buuuuurn
BTFD, but if price of Twinkie not recover, enjoy a expensive cream fill pastry.
My Twinkie was signed by the last union driver that delivered it to my local Walmart back in 2012.
Bid with confidence.....no Bitcoins accepted. I do accept gold however.
Whoa, whoa, whoa! How do you fight zombies without twinkies?!?
see you in hell, commie.
You can take my Twinkie from my cold dead hands, pal. Wait, that doesn't sound right.
In the twinkie-less interim, I have learned how to make my own and have the pans to prove it. I'm no longer dependent upon crazy unions to get my fix.
brand new twinkies and a brand new, shiny fully automated robotic factory to create them.........................................
and they will be union free too!
until they improve AI...... ;)
unions can bite my shiny robot ass.
.
Which outs you as a worker-hating Southerner.
What robots aren't workers? What a bigot!
Which means they're more hostile to their workers.
Might as well eat uor investments! Lord knows there still edible.
Oh I'm not sure I'd call twinkies edible.
What is worth keeping for the future, that is produced/consumed by this Kulture? What could we point to, with pride, to our future generations. Just an open question.
Amerikans - A voracious, imbecilic, adipose breed.
Take them and eat them, Amerika; eat many. Many of them. Stuff your fuck faces with them.
For I am Kali, destroyer of worlds; and this is my body.
Oh please let them be deep fried and rolled in bacon!
Or made in China with pigwater batter!
Easy Apollo colludes with enough ebay twinkie sellers by putting out signals they plan to alter the recipe ala new coke which ups the bid prices and in turn split the profits with the sellers.
Unless they are Union-made Twinkies, they are not Twinkies. Americans demand their original Twinkies, or death.
Okay Americans get death either way cuz those things are foul.
Millions of consumers of edible food-like substances fret over whether the non-union made cream filling will have the half life of tellurium-123, as before.
At county fairs in the south, you can get deep fat friedTtwinkies.
As to why you would want that damn fool thing...?
Deep Fat Fried Twinkies are the junk food equivalent of crack cocain.
Crack cocaine with Oxycontin icing.
Lord bless this food to the nourishment of our bodies.
Especially if you wash them down with yoo-hoo.
Deep fried pickles too.
I have no idea...I think we do it just to gross the rest of the nation out sometimes...but hey, its working!...lol.
As an aside, we hit on a winner every so often, you ain't tasted nuttin till you've had deep fried turkey...seriously ;-)
ever had a deep freid oreo? those really are as addicting as crack..
Haha you just bought the tulip at the peak...
And this is why you don't get into numi's until you have loaded up the bullion.
He's not worried, the best before date is a few hundred years, that should give them time to sell at $0.50 each
$1.5 Million grant awarded to find out why most lesbians are fat (can't make this shit up) -
http://www.dailymail.co.uk/news/article-2292264/Public-health-study-spen...
So why are they ugly?
That will cost you $10 million to find out.
Government doesn't understand causation.
It's like asking, "how does the sun know to come up every day?"
They are lesbians BECAUSE they are fat and ugly.
Sheesh!
This also carries over into, "we print all this money,...why are we broke?"
or,..."we off-shored all the jobs to get cheaper stuff, why can't anyone afford cheap crap from China anymore?"
buncha twits
They don't look fat to me. What a waste of money.
;-)
http://www.polyvore.com/cgi/img-thing?.out=jpg&size=l&tid=73176559
The SEC will be on your ass for that.
They only like tranny porn.
Most of us would spend 1.5million to investigate those types of lesbians.
I would also pay a lot to ride a unicorn.
I think there's a cause-effect, chicken-egg thing going on: were they lesbians before they realized they were ugly?
Thanks for dumbing down my comment Tod.
Perhaps most americans don't understand causation?
My bet is hormonal imbalance. If I'm right, do I get the $1.5 million?
Amerika is freeeeeeeee or is it...
Breaking 15 laws in 33 seconds.
http://www.youtube.com/watch?v=jNbSR1UYsg0
I consider it my duty to commit at least 5 felonies and 5 misdemeanors per day. I get an extra shot (of bourbon) for each more than that.
It's really not that hard, just walk out the door...kill a plant. Shoot a weapon withing 300 feet of a road (pellet guns count). You have to know the laws to be able to do this.
But there are so many!