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Response to Bill USA (Original post)

Tue May 24, 2016, 06:23 PM

17. It's not that clear-cut.

 

I think all or almost all of Trump's casinos have operated at a consistent profit if you examine only EBITDA (earnings before interest, taxes, depreciation, and amortization). They've shown a loss because Trump financed the acquisitions with high-interest junk bonds instead of putting his own money at risk. The interest payments tended to overwhelm the casinos' operating profits. In the ensuing bankruptcies, the biggest losers were generally the pigeons who'd been beguiled by the Trump name into buying the bonds.

Yes, Trump himself has had to accept some reductions in his percentage ownership of the companies, but he was also able to take money out of the companies before the bankruptcies. In some cases, he's received money or stock in exchange for allowing the continued use of his name even after he no longer had any other connection with the casino.

Trump personally has never declared bankruptcy. Is he, overall, a net gainer or a net loser from his casino involvements? I'll guess net gainer but it's just a guess. You'd probably need individual and corporate tax returns plus SEC filings plus casino regulatory authority filings plus a team of accountants and lawyers to say for sure.

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Arrow 19 replies Author Time Post
Bill USA May 2016 OP
Downwinder May 2016 #1
puffy socks May 2016 #2
Downwinder May 2016 #8
puffy socks May 2016 #11
Downwinder May 2016 #14
Recursion May 2016 #19
Warren DeMontague May 2016 #3
Bill USA May 2016 #9
ffr May 2016 #4
Bill USA May 2016 #15
ffr May 2016 #18
Autumn May 2016 #5
JaneyVee May 2016 #6
closeupready May 2016 #7
vintx May 2016 #10
scscholar May 2016 #16
yawnmaster May 2016 #12
truedelphi May 2016 #13
LineNew Reply It's not that clear-cut.
Jim Lane May 2016 #17
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