He's A Fool Year Round, Not Just April 1st
or, I'd like to divest my foot in his posterior investment portfolio
from The Motley Fool

According The Motley Fool, it's no wonder why Trump is trying to make it in TV. How pissed is that poor sap who wins that freakin tv show contest going to be when there is no job at the end of it?

In 1996, Trump Hotels (NYSE: DJT) changed hands for up to $35.50 a share. The stock trades today at around $2.28. Hold the calculator: That's a 93.6% plunge. Read the latest annual report and you may wonder why it's so high. And that's no joke.

The company lumbers under $1.8 billion in long-term debt, which works out to a ratio of debt to capital in the area of 331 to 1. The company says, "Management believes that this indebtedness and associated interest expense hinders the Company's ability to reinvest in the maintenance of its owned properties at desired levels."

Yikes. When you have suffered operating losses for the last three years and you can't do maintenance, especially in an image business like gaming, you are in trouble...Trump Hotels has a $73.1 million interest payment due May 1. The company says that it "cannot ensure that it will have sufficient funds on hand to make the interest payment within the 30-day grace period." Trump's auditor issued a "going concern" warning, and Moody's (NYSE: MCO) recently downgraded some of its debt.

posted by prof_booty | 04:36 PM