Pros
A free lunch. There is little competition in the market and few competitors for your job. HR is trying to get the company brought out of the dark ages but it's slow moving. New investors that will hopefully look at the way the company does things and recognize the company can't grow until they embrace technology.
Cons
Old fashioned company that hires their friends and family rather than people who can do the job. They do their work on paper notebooks rather than computers. Training is non-existent. Managers sit around talking all day and then sit at their desks from 5 to 5:30 so it looks like they are working extra hours. Very male oriented. Male coworker goes out on lunch break and gets picked up for soliciting a prostitute (twice) and is kept, female worker complains that they are not working smart or using the system and is terminated. If no one else will hire you, this is a good place to work.