Monday's stock moves means, in essence, some investors are willing to buy a public company stock -- and absorb all its operatingcosts and other risks -- just to get access to private Facebook shares.
If it is unable to either shift from the big-box retail format to smaller stores, or optimize store space by sub-leasing to other businesses, operatingcosts will not come down.
Hostess blamed its bakers for its problems, and many commentators have been quick to cite other reasons such as unsustainable operatingcosts, private-equity backers that loaded Hostess with too much debt, and increasingly health-conscious consumers who no longer want Twinkies, Ho Hos, and Donettes.