Interstate Bakeries IBCIQ, which filed for Chapter 11 bankruptcy in September 2004, has still not issued audited financial statements for fiscal 2004 and 2005. We are therefore discontinuing coverage of the company.
continued to increase market share, capitalizing on the closure of seven bakeries owned by its competitors, including Interstate Bakeries IBCIQ. The company's second-quarter revenue rose 12.4% to $405 million, with increased volumes contributing
12.4% as the company captured growth opportunities resulting from the bakery closures of a key competitor, Interstate Bakeries IBCIQ. We are placing the company under review while we reassess our sales growth and other assumptions.
We were not terribly surprised to learn that Interstate Bakeries IBC filed for Chapter 11 bankruptcy Wednesday morning, and we are reiterating our warning for investors to stay away with a fair
We have changed our fair value estimate for Interstate Bakeries Corporation IBC to $0 in response to the company's failure to file its 2004 annual report by an already extended deadline
We have placed our fair value estimate for Interstate Bakeries Corporation IBC under review while we transition coverage to a new analyst.