Investing in Donald?

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Will you trust Donald and invest in his casino stock?

A few months ago Donald was forced out of his casino business by creditors, but then he fought his way back into it with the multi-million-bucks-backing of Dallas-based Beal Bank. At a press conference (see pic below), Donald said: "We're very happy about it...Hopefully, things will start moving forward quickly. And then, once we get involved, it will be successful like our other operations."
Yo Donald, I like to believe you and want to buy your casino stock because they're very cheap (High at $22---low now at $0.16---see the graph below), but your casino company may go into bankruptcy for a 4th, 5th, 6th, 7th... freaking time. To buy or not to buy his casino stock---hmmmmm----What do you guys think?
 

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With increasing competition from PA, I wouldn't. There are far better things to buy than casino stocks.
 
Interesting topic. I think the house has a bigger edge with trmpq.pk. Worse than slots! But, at least you can write off your losses on federal income taxes, upto $3000 per year. Remember tough competition: DE and PA may be getting table games in near future. AC has to have more favorable table games and provide more than just gambling, similar to what Vegas did during the early 90's recession. With Pinnacle and Regal plans to build casinos in AC in next 2-3 years, more competition. There was rumor MGM was gonna build casino, and BoydGaming was trying to get license somewhere. if you want a piece of the gaming industry, research BJK (gaming etf), has a basket of world gaming stocks including some us-based companies.
 
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johndoe said:
Trump is an entertainer, not a businessman. Don't forget that.
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One could argue that his business is pretty much now entertainment.

Not standing up for the guy, but he does have a decent resume in real estate development in one of the toughest markets in the USA.
 
ChefJJ said:
One could argue that his business is pretty much now entertainment.

Not standing up for the guy, but he does have a decent resume in real estate development in one of the toughest markets in the USA.
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No, he doesn't. He has a decent record of selling his name to successful projects. Few things he has developed have been successful.
 
shadroch said:
No, he doesn't. He has a decent record of selling his name to successful projects. Few things he has developed have been successful.
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Fair enough...he is, of course, a shameless self-promoter. But it's interesting that his name is more effective than his development career.

Don't mind his show though :grin:
 
For 17 cents, you too can own a share of $1.74B in debt. I doubt very much the real estate and the buildings on it could command anything near that price.

One of the 3 properties (Trump Plaza) is so decrepit they can't even afford to replace their chips. That building is going to have a date with the wrecking ball soon.

The other two have potential, but it appears the AC market can only support one upscale casino. It's just too damned hard to get there. AC is no longer a resort city for anyone but the retiree nickel slot players who cannot support establishments of that magnitude.

They're also manipulated by a corrupt city and outrageous state taxation. All these things considered, it's difficult enough to justify even visiting the city, let alone investing in anything there.
 
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