Twinkie Investors Chagrined: DNews Nugget

//

Twinkie Investors Chagrined: When news that Hostess Brands announced that it was going to lay off all of its 18,500 workers after a national strike and then shut down operations completely, people panicked. The idea that Twinkies sponge cakes, which have been around since 1930, would disappear sent some people into a tailspin. The news sent other people to the grocery store to stock up. And when those stocks sold out, others went online to buy up boxes of the cream-filled cakes, including other Hostess products like Ding Dongs, Ho Hos and Zingers. Opportunists took to eBay and Craigslist, selling boxes for hundreds of dollars.

DNEWS NUGGET: What's in a Twinkie?

Those who forked over their Benjamins woke this morning to a reality almost as difficult to swallow as the fact that Twinkies more chemical than natural. Hostess Brands is currently in negotiations with the Bakery Workers union, who went on strike Nov. 9, sending the company down the road toward bankruptcy. The mediation session was ordered by U.S. Bankruptcy Court Judge Robert Drain, who said he wanted to do everything necessary before ruling on the company's motion to liquidate. If a deal is struck, those who invested hundreds, and in some cases thousands, of dollars on Hostess Brands products will want to rethink their investment strategies. via CNN Money and SkyNews

GET MORE MUST-READ DNEWS NUGGETS HERE!