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Donald Trump called. He wants his casinos back

Posted Jun 17th 2009 2:30PM by Zac Bissonnette (RSS feed)
Filed under: Trump Entertainment Resorts (TRMP)

After his Atlantic City casino chain rejected his buyout offer and descended into bankruptcy, Donald Trump and his daughter Ivanka resigned from the board and he proclaimed that he wanted nothing more to do with the company.

Let the back-tracking begin. The Associated Press reports that Donald Trump is making an offer to acquire the company out of bankruptcy with the backing of Dallas-based Beal Bank. His offer will have to beat out a competing offer made by the bondholders. Since neither offer was publicly filed with the bankruptcy court, it's hard to handicap the Donald's chances.

The Atlantic City casinos have filed for bankruptcy twice in the past five years, and have been unable to compete in the highly competitive market because of a crushing debt load.

Continue reading Donald Trump called. He wants his casinos back

Donald and Ivanka Trump opine on the financial crisis

Posted Oct 27th 2008 2:30PM by Zac Bissonnette (RSS feed)
Filed under: Trump Entertainment Resorts (TRMP)

In an interview with the Associated Press, Donald Trump and his daughter Ivanka opined on the meltdown in the financial markets. The Donald advised viewers to keep as much cash as they could so they would have the opportunity to take advantage of the terrific opportunities.

Should you care what Donald and Ivanka have to say about the financial crisis? Probably not, because it's just a bunch of cliches. And why exactly should we care what Ivanka says? Because she won the ovarian lottery and now works for her dad? Watch the video below and be sure to note The Donald's appearance.

ConAgra (CAG) hires Ivanka Trump to pretend to like microwaveable meals

Posted Oct 22nd 2008 3:40PM by Zac Bissonnette (RSS feed)
Filed under: ConAgra Foods (CAG)

Ivanka Trump -- the Prada-wearing daughter of real estate mogul turned motivational speaker Donald Trump -- is moving downmarket. ConAgra Foods (NYSE: CAG) announced yesterday that it its Healthy Choice brand is "partnering with Ivanka Trump , successful New York businesswoman, to change the way people think about eating lunch at work."

Yesterday afternoon, thousands of office workers gathered outside midtown Manhattan's Grace building to meet Ivanka Trump and test out Healthy Choice's new Fresh Mixers line of prepared meals. According to the company, fresh mixers are currently available in Sweet & Sour Chicken, Sesame Teriyaki Chicken, Ziti & Meat Sauce, Rotini & Zesty Marinara Sauce, Southwestern Style Chicken and Szechwan Beef with Asian Style Noodles.

Unfortunately at $3.49 per piece, they're probably out of the league of many of the financial district's top executives, newly impoverished by the collapse of the financial markets.

"I'm excited to be partnering with Healthy Choice on the launch of Healthy Choice Fresh Mixers because I know how difficult it can be to try to find a healthy lunch during a hectic day," said Ivanka Trump . "Healthy Choice Fresh Mixers are convenient, fresh-tasting and easy to store in my desk drawer so I never have to skip lunch."

Why do I seriously doubt that Ms. Trump will actually eat these things at anything other than promotional events? (If you feel like reading Ivanka's blog about lunch, click here.)

Ivanka Trump heads to Israel to check out real estate opportunities

Posted May 30th 2008 4:19PM by Zac Bissonnette (RSS feed)
Filed under: Trump Entertainment Resorts (TRMP)

Ivanka Trump -- the daughter of comedy icon Donald Trump and a director at his flailing casino company, Trump Entertainment Resorts (NASDAQ: TRMP) -- is back from a trip to Israel where she was scouting out possible investment opportunities.

In an interview with Haaretz.com, she said that it was her first trip to Israel and that she saw tremendous opportunities for investment in Israel. If you care about her opinions on the US market, she feels that "now is the time to buy" and that prices will "go right back up."

It was only a few years ago that the Israeli government established the laws to make real estate investments trusts available there. Excellence Investments' "REIT 1" became the first REIT to trade on the Tel Aviv stock exchange.

Once an Israeli REIT lists its stock on the US market as an ADR, American investors will have an easy opportunity to follow Ivanka into Israel.

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Last updated: November 10, 2009: 06:39 AM

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