Professor Elam

Click on the graph at left to see the latest on The Donald.  A couple of seasons back on The Apprentice, he featured these New Jersey casions on the show.  Then they went into bankruptcy. This is the bankruptcy Rosie was referring to that angered the Donald so much, it was his casinos, not him, OK point of order. 

Perhaps Rosie will have the last laugh here.  Click The Donald   to learn that Merrill Lynch was not able to find any interest in purchasing the three casinos that make up TRMP. And so the result was another drop in the stock price, see graph, to about half what it was  a few months ago.  What is the problem here?

Other casinos in Vegas are fetching high prices and being bought or taken private. But, they make money!  Again this is why we study accounting, making money results in positive earnings per share which supports a price earnings ratio which gets big higer as investor confidence grows.  TRMP is losing money even after emerging from bankruptcy .  Three of the two casions are in New Jersey. That location has had difficulty getting past the weekend gambler syndrome. 

I doubt this will make it as a centerpiece of a future Apprentice…..