Ding Dong: Hostess Going Broke

Tick-tock, Twinkie.
Tick-tock, Twinkie. Photo: gilgongo"/Flickr

Poor Suzy-Q might be on her last limbs as Hostess Brands Inc. prepares to file for Chapter 11, says The Wall Street Journal. The bankruptcy could happen as early as this week. The company has over $860 million in debt, owes more than $50 million to vendors, and its Ho Hos just haven’t been the same. But Twinkies and friends could still truck on — the company spent four years in bankruptcy court beginning in 2004 and slightly pulled itself together after that. Though, realistically, with every great sugar high, there is a crash. [WSJ]