CheersTrue among many other practices that I see no honor (ftr, the use of other's money is not an issue) and he is a great promoter whose name for whatever reason remains in demand. I am not sure if this will hold true in the future but based on his past, there is no basis for me currently to win ,lol, this debate other than the simple cliche and maybe more but not relevant.The thing about Trump (The Donald) though is the fact he is an expert in the Chapter 11 arena.He has had 8 lives.He practically wrote the book on it and how to come out smelling like a rose afterward.The above certainly is true but no secret (will not nit pick "winning" as you prolly just used as a figure of speech) and also as you state specifically applies to his two past casino filings.His main secret to his winning formula is the fact that he gets his investors and banks so far out on a limb and over-leveraged with him and his ventures that (They) cannot afford to let him fail. This has been the case in his two past filings history
Many different dynamics now and personally he was told to go sit in the corner. I want to view the 10-K but it appears all he stands to lose is his equity valued at ~ $1.5 million. It will be a challenge at least for Trump Entertainment to be party to any on-going concern pursuant to the AC casinos.
Of course Trump will not sit in the corner as there may be something for him to gain (definitely in a non-declining stable market without the uncertainty of future economic and credit conditions). Do what you gotta do but with class,character,integrity and honesty.
I assume the premise is your post since you say "So". Correct me if I misunderstood.So, he did know what he was talking about in his book "The Art Of The Deal"..."The Donald" loves the credit markets
I reread 4 chapters tonight after dusting. I was not focusing on whether his overall premise is correct but at that time I believe his only failure was the USFL. Humility does not exist in his vocabulary. Regardless, today TAOTD is no college text book but in the 80's it was a must read that was almost repulsive as I reread tonight but then again 1987 was the year of Gordon Gecko.
LOL, Michael Douglas=Fatal Attraction,nevermind*Derail*
Gordon Gecko and "Wall Street"...now that is still one of my favorite movies today... Reminds me of "The Donald"
Douglas, was perfect for the role of "Gecko" in my opinion and he did win an Academy Award for it, but then again I was caught up in the allure of Daryl Hannah's character...
Or, really I guess it was a combination of Hannah, Gecko and the Money!
LOL, Michael Douglas=Fatal Attraction,nevermind
Actually, remember Wall Street like y-day and who was sitting in front of me! At the time local news anchor,John Seigenthaler.
Gecko was supposedly based on arb. Boesky and some say Milken. When rereading TAOTD tonight, Boesky's name I saw once but Milken and Drexel time and time again as I believe the last Trump casino was financed via maybe all junk bonds.
Yes, I do believe you are correct on that, I actually have an old article around here somewhere regarding that financing package, I will see if I can dig it up...
Also saw many old brokerage names like Kidder Peabody, Drexel Burham, Shearson Lehman, Bear Stearns.....Where did they all go???....Also ran across the name Mrs. Edward F. Hutton but it had to with Palm Beach but I assume that must be Mrs. E.F. Hutton. I'm still listening but have not heard a thing in years.......So what's really changed since the 80's, names and faces???
Shearson Lehman, that name brings back old memories from the 80's when I had a couple of accounts there, seems like one of them was my AMex IIRC
Don't forget Charlie Sheen,BTW.
Yea, "Bud" was also real good in that flick, kinda wish he had not caved in the end though...
So now a party of 2 and the writer does not hold back any punches as I choose to do. No offense intended but it is what is!!True among many other practices that I see no honor (ftr, the use of other's money is not an issue) and he is a great promoter whose name for whatever reason remains in demand. I am not sure if this will hold true in the future but based on his past, there is no basis for me currently to win ,lol, this debate other than the simple cliche and maybe more but not relevant.