Sunday, January 31, 2010

Saving Trump Entertainment Resorts from the Trumps

Ivanka Trump and her father “The Donald” have allied with bondholders of bankrupt Trump Entertainment Resorts (TRMPQ-$0.08), to compete with a plan crafted from senior lender Beal Bank and its new partner, the legendary billionaire Carl Icahn, in salvaging the operations of the bankrupt gaming company. Her significant assets aside, given the Trump family’s dismal past performance in running casinos in Atlantic City, might the Trump Taj Mahal, Trump Plaza and Trump Marina be in better hands with just about anyone else?

Read More at BNET Media….

Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.

1 comment:

sfgirl said...

I wonder how the trumps will fair and if they will be able to succeed in turning their businesses around.