Tuesday, January 10, 2012

Hostess and Kodak going bankrupt? How will I take a picture of my Twinkie?

Another two American institutions, Hostess and Kodak, are filing for Chapter 11 bankruptcy protection. Who's fault is it? Yours!

Go ahead, take a look in your cupboard. Any Twinkies? Wonder Bread? Probably not. You're probably ruining America by eating granola bars and whole grain bread.

And who develops your photographs? Oh yeah, NOBODY. And your camera? Probably not made in the USA.

So, is it any wonder that these two former giants may be going down? Not really.

Hostess was already under Chapter 11 a mere three years ago, and currently owes about $50 million...just from last month. Kodak is preparing for Chapter 11 bankruptcy protection, is looking for a billion dollars and the NYSE is threatening to kick them right off the exchange if it can't increase its share price in the next six months. Their stock recently fell 30% to about 44 cents last week.

It looks like my grandfather may have been a wiser man than most thought, when he predicted the demise of both of these companies. Regarding Kodak, he said they would be a "flash in the pan" and that Hostess is like marriage, "you can only enjoy the Twinkie for a while."

Never really knew what the hell Grandpa was talking about.

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