What's going on?

Interstate stock down big. Company showing no signs of turnaround in 2 years they have been in bankruptcy. Why doesn't Sara Lee or Flowers buy the brands?

That will happen as shareholder activism takes hold. If they liquidate the company at close to 1x revenues the stock will be worth at least $10!!

wonderman wrote:

That will happen as shareholder activism takes hold. If they liquidate the company at close to 1x revenues the stock will be worth at least $10!!

I agree. Are you taking any action?

"Interstate stock down big. Company showing no signs of turnaround in 2 years they have been in bankruptcy. Why doesn't Sara Lee or Flowers buy the brands?"
Why would they want to pay for something that if they just wait long enough will be off the market?

How long till Hostess/Wonder bread closing? Isn't only a matter of time now untill the courts say close shop?

Is SARA LEE getting out of the whosale bakery business?

it is simple, IBC, wants it to fail, every move they have made has been wrong. they are done with the union, benifits, etc, they knew when they went to the union for more concessions, it would be turned down, the whole thing is a joke. they do not have a clue, how to turn it around, and it is too late anyway. we have lost the market. BAD management for years. look between the lines, they want it to FAIL.

The thieves in charge will line their pockets no matter what theworkers will get screwed no matter what happens I say bring em down

Fui empleado de Interstate Brands Compamies en San Diego, California, me alegro les pase esto ala compania, me corrieron injustamente, la union 315bctgm nome apoyo y ni iso nada por ayudarme, me alegro que cierren las puertas por que todo en esta vida se paga y aqueyas personas que me sacaron ahora me rio de ellaas se van a quedar sin trabajo

I don't know what is going on around other areas of the US, but as for here in NC...The merita guys received letters stating that they had 16 days before possible liquidation of the company. Anyone else heard anything of this...We as independent distributors are bracing for the worst for them and have already started arrangments with taking on new customers... I hate it for the route guys_____but the company and union has got what they deserve!!!!!!!!

Lead by example. Let's see some house cleaning of dead weight. Ineffective account execs, created positions, no accountability for pricing and contract blunders. Put the tools in the hands of the people that work. How much money did we lose on these videos. What other useless projects can we waste money on. Cut corporate payroll and waste.
Sale what sales thats what WE do.

NC Bunny Breadman wrote:

I don't know what is going on around other areas of the US, but as for here in NC...The merita guys received letters stating that they had 16 days before possible liquidation of the company. Anyone else heard anything of this...We as independent distributors are bracing for the worst for them and have already started arrangments with taking on new customers... I hate it for the route guys_____but the company and union has got what they deserve!!!!!!!!

It is called propaganda. It is crunch time and lets see how money they can take from the employees. The union already made 16 million in concessions for 5 years. Corporate payroll for 1 month is 9.4 million.

Well we are down to 10 days now as comapny counts, they want everyone to panic and give in to their concessions.With 8300 jobs cut and concessions given the comapny is saving over 20 million a yr,plus the sale of 100 million in assests already,and yet they cant turn the company around?
At GM the CEO took a pay cut right along with the line workers but not at IBC
The Union is right to stand their ground on this one, the company wants more than they should expect anyone to give.The pay cuts would reduce most of us to where we are at 23 yrs ago.
The problem is in Kansas City not out in the sales force.

Shares of the bankrupt Kansas City maker of Hostess Twinkies and Wonder bread — facing the possibility of having to liquidate if it doesn’t gain concessions from its two largest unions — fell to 50 cents, a drop of almost 29 percent, before closing down 5 cents at 65 cents.
Mr. Jung, if you want any further consessions then it will have to come from the top down! You will not succceed trying to "BUST" the unions. Stop with the propaganda and remove 'ALL" unneccessary upper management that this company has. You have not provided any evidence to the employees of this company that you have even attempted to look at reducing cost with-in. How do you think you can get anyone to buy into your new proposed "path to market" strategy if you don't start with cleaning your own house. If I were a potential investor that would be my #1 question. Cosolidate bakeries, work them at capacity not a 35 or 50% of their capabilities. Streamline operations, cut, cut, cut. Does this company even have a logistics manager? Does anyone really know how to get our product from a bakery to market in the most efficent way??? It is scary to think on a daily basis, never mind monthly or yearly the amount of money that is wasted with the inifficiencies this company has. The time has come not for the employees to make the concessions, it is time for management to take a good hard look in the mirror.

ILL IBC wrote:

Well we are down to 10 days now as comapny counts, they want everyone to panic and give in to their concessions.With 8300 jobs cut and concessions given the comapny is saving over 20 million a yr,plus the sale of 100 million in assests already,and yet they cant turn the company around?
At GM the CEO took a pay cut right along with the line workers but not at IBC
The Union is right to stand their ground on this one, the company wants more than they should expect anyone to give.The pay cuts would reduce most of us to where we are at 23 yrs ago.
The problem is in Kansas City not out in the sales force.

AGREE TOTALLY. Stay strong.

Intersted Party wrote:

Interstate stock down big. Company showing no signs of turnaround in 2 years they have been in bankruptcy. Why doesn't Sara Lee or Flowers buy the brands?

How low can this stock go....
I think its time to throw in the towel...
How many days are left before EVERYONE loses...
Union, Mgnt, stockholders

How low can this stock go...
I'm throwing in the towel, I have stuck with this stock and am being punished. EVERYONE loses on this horse...Union, Mgmt, stockholder.

Hi Ho Tonto

Where are the courts and this bankruptcy judge who over saw negotiations on the contracts. Everything had to be approved by the judge. Now comes Jung and all his ideas.$75,000.00 a month to figure out how to steal money and benefits (that we have earned) from the people who do the work. Who's approving all this. Here's an idea! Go out sale something to the customers, besides this lame idea to us.
TEAMSTERS STAY STRONG BCTGM STAY STRONG
NO concessions Sept. 30 They can concede!

Intersted Party wrote:

Interstate stock down big. Company showing no signs of turnaround in 2 years they have been in bankruptcy. Why doesn't Sara Lee or Flowers buy the brands?

George Weston Bakeries could (and will) be a player

BJBM wrote:

<quoted text>
George Weston Bakeries could (and will) be a player

George Weston will not be a player. They are a mess in this part of country. Besides they hold no controlling interest. Wish all you want.