Recent

% | $
Quotes you view appear here for quick access.

Berkshire Hathaway Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • water_skipper water_skipper Nov 23, 2012 10:35 AM Flag

    Hostess

    BRK likes to buy well run companies. Obviously a company that's broke and shutting down because of a labor dispute isn't a well run company. It would be a much better project for company that likes "fixer uppers."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Agreed! Boo-Fay has always said that he likes to buy good companies in bad industries. "Good" defined as "well-managed." Since when did anyone ever accuse Hostess of being well-managed?

    • Labor dispute? We're not talking skilled work here. Hostess is highly mechanized anyway. How hard is it to find new people who can dump flour, oil, and egg beaters into a machine?

    • GEICO was in a world of hurt when Warren began buying it...:)

      Hostess was ran into the ground by incompetent management, and that would likely preclude Berkshire from buying it... however, when it was announced that Hostess was heading back into bankruptcy, the thought crossed my mind to that it would be a great thing to have join Berkshire... but only because it would be protected.... not that it would fit Berkshire as well as some other acquisitions might.

      I think Nestle (which I don't even know if they are in the running) should consider it... or Mars. It looks, however, like it might be split into the bread division going to one buyer, and the snack cakes going to another (probably the maker of #$%$).

      ~William

 
BRK-B
144.60-0.67(-0.46%)May 22 4:01 PMEDT