BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Comfort Zone Investing: Why Aren't You Rich?]]>http://www.bloggingstocks.com/2010/10/09/comfort-zone-investing-why-arent-you-rich/http://www.bloggingstocks.com/2010/10/09/comfort-zone-investing-why-arent-you-rich/http://www.bloggingstocks.com/2010/10/09/comfort-zone-investing-why-arent-you-rich/#commentsFiled under: , , , ,

rich man graphic poster from europe.Maybe you already are. Good for you. Most investors aren't. They're still waiting for the big pay off. The problem is that most of them don't understand that there are several ways to be rich. Here are three ways to get yours.

For most people it takes a long time to gather enough wealth to feel comfortable, a great way to define rich. It takes years of saving, investing, and sacrificing for future rewards. It's not easily done, but if done correctly, it will pay off.

Continue reading Comfort Zone Investing: Why Aren't You Rich?

Comfort Zone Investing: Why Aren't You Rich? originally appeared on BloggingStocks on Sat, 09 Oct 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bill Gatesbuy and holdComfort Zone InvestingDELLDonald TrumpfeaturedGOOGGooglehow to get richLarry EllisonLarry PageMichael DellMicrosoftMSFTOracleORCLSam WaltonSheldon AdelsonT. Boone PickensWarren BuffettSat, 09 Oct 2010 10:30:00 EST<![CDATA[Trump Joins Bondholders for Control of Casinos]]>http://www.bloggingstocks.com/2010/04/13/trump-joins-bondholders-for-control-of-casinos/http://www.bloggingstocks.com/2010/04/13/trump-joins-bondholders-for-control-of-casinos/http://www.bloggingstocks.com/2010/04/13/trump-joins-bondholders-for-control-of-casinos/#commentsFiled under: , , , ,

The "Donald" did it again for the third time. Donald Trump joined with bondholders to gain control of Trump Entertainment Resorts and its three casinos.

Trump, the master of the game, offered bondholders the use of the Trump name on the three casinos instead of cash. In a bankruptcy hearing, Judge Judith Wizmur, ruled that: "The Trump brand is worth million of dollars to the debtors. The debtors identification with the Trump Organization raises its profile in the gaming industry."

Continue reading Trump Joins Bondholders for Control of Casinos

Trump Joins Bondholders for Control of Casinos originally appeared on BloggingStocks on Tue, 13 Apr 2010 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>casinosdonald trumpinthenewstrump casinosTue, 13 Apr 2010 17:00:00 EST<![CDATA[Is Donald Trump's Brand Still Worth Anything?]]>http://www.bloggingstocks.com/2010/02/26/is-donald-trumps-brand-still-worth-anything/http://www.bloggingstocks.com/2010/02/26/is-donald-trumps-brand-still-worth-anything/http://www.bloggingstocks.com/2010/02/26/is-donald-trumps-brand-still-worth-anything/#commentsAs the court battle for control of a trio of Atlantic City casinos between Carl Icahn and Donald Trump heats up, one question is coming into focus: How much is Donald Trump's name on the top of a casino worth?

Trump argues that giving him control of the company is the best move, in part because his name is such a big draw. Icahn counters that the main disadvantage to losing the Trump name would be the cost of changing the signs.

Burn!

Continue reading Is Donald Trump's Brand Still Worth Anything?

Is Donald Trump's Brand Still Worth Anything? originally appeared on BloggingStocks on Fri, 26 Feb 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>atlantic citycarl icahncasinosdonald trumpfeaturedinthenewsFri, 26 Feb 2010 17:30:00 EST<![CDATA[Donald Trump Battles Carl Icahn in the Press]]>http://www.bloggingstocks.com/2009/12/21/donald-trump-battles-carl-icahn-in-the-press/http://www.bloggingstocks.com/2009/12/21/donald-trump-battles-carl-icahn-in-the-press/http://www.bloggingstocks.com/2009/12/21/donald-trump-battles-carl-icahn-in-the-press/#commentsFiled under: ,

Earlier this year, Carl Icahn acquired 51% of bankrupt Atlantic City casino operator Trump Entertainment Resort's $486 million in senior, secured bank debt, setting himself up for a battle with The Donald over his reorganization plan for a company that has now been in bankruptcy three times.

Trump's plan would give him a 10% equity stake in the new company, but Icahn says it won't work. According to Icahn's comments in court papers, allowing Trump's plan to sail through would lead to a re-leveraging of the company, and would set it up for a fourth appearance in bankruptcy court.

Continue reading Donald Trump Battles Carl Icahn in the Press

Donald Trump Battles Carl Icahn in the Press originally appeared on BloggingStocks on Mon, 21 Dec 2009 11:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Carl IcahnDonald TrumpfeaturedtrmpMon, 21 Dec 2009 11:00:00 EST<![CDATA[Donald Trump says it's time to force banks to start lending]]>http://www.bloggingstocks.com/2009/12/01/donald-trump-says-its-time-to-force-banks-to-start-lending/http://www.bloggingstocks.com/2009/12/01/donald-trump-says-its-time-to-force-banks-to-start-lending/http://www.bloggingstocks.com/2009/12/01/donald-trump-says-its-time-to-force-banks-to-start-lending/#commentsFiled under:

In an appearance on CNBC today, Donald Trump argued that it's time for the federal government to step in and force banks to lend. "Banks are not lending money, no matter how prime you are," Trump said. "The economy can't come back until the banks start lending."

"I don't think any bank in this country is soliciting loans," he added "Banks are bragging about the fact that they're making loans and they're not making loans."

Continue reading Donald Trump says it's time to force banks to start lending

Donald Trump says it's time to force banks to start lending originally appeared on BloggingStocks on Tue, 01 Dec 2009 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>american enterprise instituteAmericanEnterpriseInstitutebanksDonald TrumpDonaldTrumplendingTue, 01 Dec 2009 17:00:00 EST<![CDATA[Donald Trump improves offer to Scottish land holdouts]]>http://www.bloggingstocks.com/2009/09/22/donald-trump-improves-offer-to-scottish-land-holdouts/http://www.bloggingstocks.com/2009/09/22/donald-trump-improves-offer-to-scottish-land-holdouts/http://www.bloggingstocks.com/2009/09/22/donald-trump-improves-offer-to-scottish-land-holdouts/#commentsFiled under:

Donald Trump's plan to build a Scotland resort with two golf courses, a 450-room hotel, 500 homes and 950 short-term rental apartments are being scuttled by a quarter of home owners who say their homes aren't for sale at any price.

Trump improved his offer to the sellers but according to Bloomberg, "David Milne, whose four-bedroom house, Hermit Point, is a former coastguard station, rejected an offer of 230,000 pounds, he said in a telephone interview today. He turned down an offer of 175,000 pounds three years ago."

Continue reading Donald Trump improves offer to Scottish land holdouts

Donald Trump improves offer to Scottish land holdouts originally appeared on BloggingStocks on Tue, 22 Sep 2009 14:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpinthenewsTrump Scottish resortTrumpScottishResortTue, 22 Sep 2009 14:00:00 EST<![CDATA[Another lawsuit for The Donald ...]]>http://www.bloggingstocks.com/2009/07/29/another-lawsuit-for-the-donald/http://www.bloggingstocks.com/2009/07/29/another-lawsuit-for-the-donald/http://www.bloggingstocks.com/2009/07/29/another-lawsuit-for-the-donald/#commentsFiled under: ,

While Donald Trump fights to regain control of the bankrupt Trump Entertainment Resorts, the company is also being sued by Coastal Marina, LLC , the company that had agreed to acquire the Trump Marina Hotel Casino from the company prior to the bankruptcy filing.

The lawsuit alleges that the company allowed the casino to fall into disrepair, and alleges fraud. Claiming that the buildings need $50 million in repairs, the lawsuit suggests that the casino put plants under leaky windows and skylights instead of repairing them. Ouch.

Continue reading Another lawsuit for The Donald ...

Another lawsuit for The Donald ... originally appeared on BloggingStocks on Wed, 29 Jul 2009 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpWed, 29 Jul 2009 17:30:00 EST<![CDATA[Donald Trump's financial life gets a little worse]]>http://www.bloggingstocks.com/2009/07/24/donald-trumps-financial-life-gets-a-little-worse/http://www.bloggingstocks.com/2009/07/24/donald-trumps-financial-life-gets-a-little-worse/http://www.bloggingstocks.com/2009/07/24/donald-trumps-financial-life-gets-a-little-worse/#commentsFiled under:

It's been a tough month for Donald Trump.

First his defamation suit against a New York Times reporter who authored a book casting doubt on Trump's claims of a 10-digit net worth was tossed out by a superior court judge.

Last month Trump took his $51 million Trump Park Avenue apartment off the market last month. Now it's back on the market but at a price of $31 million -- a discount of nearly 38% off the previous listing price.

Continue reading Donald Trump's financial life gets a little worse

Donald Trump's financial life gets a little worse originally appeared on BloggingStocks on Fri, 24 Jul 2009 14:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpTrump Park AvenueTrumpParkAvenueFri, 24 Jul 2009 14:00:00 EST<![CDATA[Can Donald Trump help WWE's stock?]]>http://www.bloggingstocks.com/2009/06/23/can-donald-trump-help-wwes-stock/http://www.bloggingstocks.com/2009/06/23/can-donald-trump-help-wwes-stock/http://www.bloggingstocks.com/2009/06/23/can-donald-trump-help-wwes-stock/#commentsFiled under: , ,

World Wrestling Entertainment (NYSE: WWE) is calling on an old friend to help it bring in an audience beyond the media company's hardcore demographic. Donald Trump, who has worked storylines with WWE before (remember the battle between Trump and Vince McMahon, the one that saw McMahon lose his hair?), recently appeared on WWE's Raw television program. In fact, TVSquad.com discussed the high-profile promotion Trump's involvement received over this past weekend. TV Squad also covered the little controversy caused by Trump's "purchase" of WWE's famous asset (I honestly cannot believe that some investors actually sold the company's stock based on a storyline).

Using Trump isn't a bad idea. He's a pretty good performer, and he seems, at times, like a natural for the wrestling business. How should an investor process his involvement, however? Does it show that WWE is having a hard time developing engaging angles with its own talent roster?

Continue reading Can Donald Trump help WWE's stock?

Can Donald Trump help WWE's stock? originally appeared on BloggingStocks on Tue, 23 Jun 2009 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>donald trumpDonaldTrumpinthenewsTV SquadTvSquadvince mcmahonVinceMcmahonWWETue, 23 Jun 2009 09:30:00 EST<![CDATA[Donald Trump called. He wants his casinos back]]>http://www.bloggingstocks.com/2009/06/17/donald-trump-called-he-wants-his-casinos-back/http://www.bloggingstocks.com/2009/06/17/donald-trump-called-he-wants-his-casinos-back/http://www.bloggingstocks.com/2009/06/17/donald-trump-called-he-wants-his-casinos-back/#commentsFiled under:

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 Trump called. He wants his casinos back originally appeared on BloggingStocks on Wed, 17 Jun 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpinthenewsIvanka TrumpIvankaTrumpTrump Entertainment ResortsTrumpEntertainmentResortsWed, 17 Jun 2009 14:30:00 EST<![CDATA[Donald Trump's magazine closes]]>http://www.bloggingstocks.com/2009/05/21/donald-trumps-magazine-closes/http://www.bloggingstocks.com/2009/05/21/donald-trumps-magazine-closes/http://www.bloggingstocks.com/2009/05/21/donald-trumps-magazine-closes/#commentsFiled under: ,

Donald Trump's magazine, the cleverly-titled Trump, has folded after two anonymous years of poor sales. Did anyone reading this know that there was a Trump magazine?

Apparently this was the Donald's third run at having a magazine and each time it's been a cash-burning machine, perhaps because people who are intelligent enough to be literate don't buy into his tower of hot air. Gawker reports that "Trump Magazine was launched in late 2007 as a joint venture by the Trump brand and Ocean Drive Media Group (now Niche Media Holdings LLC), targeting affluent readers in major U.S. markets. The quarterly magazine saw early success, cashing in on the booming advertising market for yachts and other high-end commodities."

Continue reading Donald Trump's magazine closes

Donald Trump's magazine closes originally appeared on BloggingStocks on Thu, 21 May 2009 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Donald TrumpinthenewsNiche Media HoldingsOcean Drive MediaTrump magazineThu, 21 May 2009 14:30:00 EST<![CDATA[Donald Trump gets sued ... again]]>http://www.bloggingstocks.com/2009/03/16/donald-trump-gets-sued-again/http://www.bloggingstocks.com/2009/03/16/donald-trump-gets-sued-again/http://www.bloggingstocks.com/2009/03/16/donald-trump-gets-sued-again/#commentsFiled under:

Another day, another Donald Trump lawsuit.

Bloomberg reports that "Trump and Los Angeles-based Irongate Development allegedly induced buyers with marketing materials touting Trump's involvement when he had merely licensed his name to the project, known as Trump Ocean Resort Baja, according to the complaint filed yesterday on behalf of 69 condo buyers in state court in Los Angeles."

Continue reading Donald Trump gets sued ... again

Donald Trump gets sued ... again originally appeared on BloggingStocks on Mon, 16 Mar 2009 15:35:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpTrumpMon, 16 Mar 2009 15:35:00 EST<![CDATA[Donald Trump reaches a truce with lenders]]>http://www.bloggingstocks.com/2009/03/04/donald-trump-reaches-a-truce-with-lenders/http://www.bloggingstocks.com/2009/03/04/donald-trump-reaches-a-truce-with-lenders/http://www.bloggingstocks.com/2009/03/04/donald-trump-reaches-a-truce-with-lenders/#commentsFiled under:

Donald Trump and the banks backing his flailing Trump International Hotel & Tower project in Chicago have reached a deal to temporarily suspend litigation.

The parties now have 90 days to figure out a settlement, and Trump has time to try to complete the 92-story building without the looming threat of foreclosure. The Wall Street Journal reports (subscription required) that "Sales of 339 hotel rooms and 486 condominium units have come in below original estimates and the project's current projected revenue remains short by nearly $100 million needed to pay off the senior first mortgage loan."

Continue reading Donald Trump reaches a truce with lenders

Donald Trump reaches a truce with lenders originally appeared on BloggingStocks on Wed, 04 Mar 2009 15:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpinthenewsTrump ChicagoTrump debtTrumpChicagoTrumpDebtWed, 04 Mar 2009 15:00:00 EST<![CDATA[Donald Trump's brand takes a hit -- can it survive?]]>http://www.bloggingstocks.com/2009/02/18/donald-trumps-brand-takes-a-hit-can-it-survive/http://www.bloggingstocks.com/2009/02/18/donald-trumps-brand-takes-a-hit-can-it-survive/http://www.bloggingstocks.com/2009/02/18/donald-trumps-brand-takes-a-hit-can-it-survive/#commentsFiled under: ,

The bankruptcy of Trump Entertainment Resorts (NASDAQ: TRMP) and legal and financial woes surrounding the Trump International Hotel & Tower are causing some to question whether Donald Trump's name as a symbol of luxury will continue to carry value.

"His brand is associated with success and making money. And every time the word bankruptcy appears next to Trump, that's not good," says Allen Adamson, managing director of Landor, a brand consultancy. "He can take a few chinks in the armor, but I think he's probably at the limit."

Continue reading Donald Trump's brand takes a hit -- can it survive?

Donald Trump's brand takes a hit -- can it survive? originally appeared on BloggingStocks on Wed, 18 Feb 2009 14:41:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpTRMPWed, 18 Feb 2009 14:41:00 EST<![CDATA[Trump Entertainment Resorts files for bankruptcy]]>http://www.bloggingstocks.com/2009/02/17/trump-entertainment-resorts-files-for-bankruptcy/http://www.bloggingstocks.com/2009/02/17/trump-entertainment-resorts-files-for-bankruptcy/http://www.bloggingstocks.com/2009/02/17/trump-entertainment-resorts-files-for-bankruptcy/#commentsFiled under:

Another day, another Donald Trump-related financial crisis.

After years of financial problems, Trump Entertainment Resorts (NASDAQ: TRMP) has filed for bankruptcy for the third time in its history. The company's last bankruptcy came in November of 2004.

The company reported assets of less than $50 million and debts of less than $500 million. Nine affiliates of the company also filed for bankruptcy, including Trump Plaza Associates, Trump Marina Associates and Trump Taj Mahal Associate. Including all affiliates, the company said it had consolidated assets of $2.1 billion and debt of $1.7 billion as of December 31st of 2008.

Continue reading Trump Entertainment Resorts files for bankruptcy

Trump Entertainment Resorts files for bankruptcy originally appeared on BloggingStocks on Tue, 17 Feb 2009 07:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpinthenewsTRMPTrump Entertainment ResortsTrumpEntertainmentResortsTue, 17 Feb 2009 07:30:00 EST<![CDATA[Trump Entertainment Resorts could finally file for bankruptcy]]>http://www.bloggingstocks.com/2009/02/14/trump-entertainment-resorts-could-finally-file-for-bankruptcy/http://www.bloggingstocks.com/2009/02/14/trump-entertainment-resorts-could-finally-file-for-bankruptcy/http://www.bloggingstocks.com/2009/02/14/trump-entertainment-resorts-could-finally-file-for-bankruptcy/#commentsFiled under:

Trump Entertainment Resorts (NASDAQ: TRMP) has been squeaking out forbearance agreements with its lender for months to avoid bankruptcy, but that game could finally be coming to an end.

The Wall Street Journal reports (subscription required) that "Bondholders to Trump Entertainment Resorts are planning to force the real-estate mogul's Atlantic City casino group into involuntary Chapter 11 bankruptcy early in the coming week, say several people familiar with the matter."

Continue reading Trump Entertainment Resorts could finally file for bankruptcy

Trump Entertainment Resorts could finally file for bankruptcy originally appeared on BloggingStocks on Sat, 14 Feb 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Donald TrumpTRMPTrump Entertainment ResortsSat, 14 Feb 2009 16:40:00 EST<![CDATA[Trump to Trump: You're fired!]]>http://www.bloggingstocks.com/2009/02/14/trump-to-trump-youre-fired/http://www.bloggingstocks.com/2009/02/14/trump-to-trump-youre-fired/http://www.bloggingstocks.com/2009/02/14/trump-to-trump-youre-fired/#commentsFiled under: ,

Just when you thought that Donald Trump could not come up with a new way to spin The Apprentice, he trumps you. That's because last night, Trump fired Trump from his role on the board of Trump Entertainment Resorts (NASDAQ: TRMP). The reason is simple -- Trump Entertainment bondholders are owed $53 million; the Donald stiffed them; and now the bondholders want Trump Entertainment to file for Chapter 11.

The Donald's self-firing is the latest salvo in a lengthy war between himself and his bondholders. A few weeks ago, I posted on the imminent deadline for a resolution of the matter. But Trump bondholders gave him a temporary reprieve until this coming Tuesday. And the Donald has mentally checked out of this mess boasting about how little it means to him -- "Moreover, the company has represented for quite some time substantially less than 1% of my net worth, and my investment in it is worthless to me now," according to the Wall Street Journal (subscription required).

Continue reading Trump to Trump: You're fired!

Trump to Trump: You're fired! originally appeared on BloggingStocks on Sat, 14 Feb 2009 08:33:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>donald trumptrump entertainmenttrump entertainment resortsSat, 14 Feb 2009 08:33:00 EST<![CDATA[Donald Trump has kind words for Obama]]>http://www.bloggingstocks.com/2009/02/03/donald-trump-has-kind-words-for-obama/http://www.bloggingstocks.com/2009/02/03/donald-trump-has-kind-words-for-obama/http://www.bloggingstocks.com/2009/02/03/donald-trump-has-kind-words-for-obama/#commentsFiled under: ,

Although he was a supporter of Senator John McCain during the election, author and reality television star Donald Trump says President Barack Obama has done well so far. "We hope Obama is going to be better," he said. "I think he is going to be better. He's off to a good start, and we have to see what happens with the stimulus."

He also had harsh words for Obama's predecessor: "I'm not a fan of George Bush," he said. "I think he has been the worst president maybe we've ever had. He's a total disaster. Frankly, when the economy cratered, that was the end, because the only thing he could say about his administration was that the economy was good. Well, it turned out that it was falsely good, not really good."

Continue reading Donald Trump has kind words for Obama

Donald Trump has kind words for Obama originally appeared on BloggingStocks on Tue, 03 Feb 2009 18:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpObamaTRMPTue, 03 Feb 2009 18:45:00 EST<![CDATA[Trump Entertainment Resorts gets a two week reprieve]]>http://www.bloggingstocks.com/2009/01/22/trump-entertainment-resorts-gets-a-two-week-reprieve/http://www.bloggingstocks.com/2009/01/22/trump-entertainment-resorts-gets-a-two-week-reprieve/http://www.bloggingstocks.com/2009/01/22/trump-entertainment-resorts-gets-a-two-week-reprieve/#commentsFiled under:

Yesterday, Peter Cohan wrote that Trump Entertainment Resorts (NASDAQ: TRMP) could be on the brink of its fourth bankruptcy filing since 1991.

Well it won't happen. At least, not until next month. In an 8-K filed with the SEC today, the company disclosed that "On January 21, 2009, the parties to the Noteholder Forbearance amended the Noteholder Forbearance to extend its term until February 4, 2009, unless certain events occur."

In other words, Trump will be back in this very situation in less than two weeks. The company failed to reach any kind of long-term restructuring.

Shareholders chose to notice that rather than the brief reprieve, and the stock has tumbled more than 10% today, to less than 25 cents per share. In 2006 it traded over $20.

Trump Entertainment Resorts gets a two week reprieve originally appeared on BloggingStocks on Thu, 22 Jan 2009 13:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Donald TrumpDonaldTrumpinthenewsTRMPTrump Entertainment ResortsTrumpEntertainmentResortsThu, 22 Jan 2009 13:45:00 EST<![CDATA[Is Trump bankrupt?]]>http://www.bloggingstocks.com/2009/01/21/is-trump-bankrupt/http://www.bloggingstocks.com/2009/01/21/is-trump-bankrupt/http://www.bloggingstocks.com/2009/01/21/is-trump-bankrupt/#commentsFiled under: ,

If Donald Trump files for bankruptcy, it certainly won't be the first time. For Trump Entertainment Resorts (NASDAQ: TRMP), the Donald has a deadline of today to renegotiated a $1.25 billion debt.

What's the big deal? It turns out that Trump Entertainment -- which owns the Trump Taj Mahal, Trump Plaza and Trump Marina in Atlantic City, missed a $53.1 million bond payment on December 1, and got a 30-day extension. The holders of 70% of Trump Entertainment's outstanding senior secured notes due in 2015 agreed to wait until today to exercise their rights related to the missed bond payment. And today is the day for coming to terms on another loan as well. The lenders involved in a $490 million loan agreement also agreed to wait until today to exercise their rights.

If Trump Entertainment files for bankruptcy today, it will only be the fourth time it's done so since 1991. The weak economy is not helping Trump Entertainment. In 2008, sales at The Taj Mahal fell 5.1%, those at Trump Plaza dropped 6.4% and Trump Marina sales fell 15.8%. One analyst thinks that Trump will get another extension on his payment.

Continue reading Is Trump bankrupt?

Is Trump bankrupt? originally appeared on BloggingStocks on Wed, 21 Jan 2009 16:55:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>donald trumpDonaldTrumptaj mahalTajMahaltrump entertainmenttrump marinatrump plazaTrumpEntertainmentTrumpMarinaTrumpPlazaWed, 21 Jan 2009 16:55:00 EST