Trump a failure: Minus 89% stock return in 'Trump Hotels & Resorts' in 10 years

Forum Forums Politics Trump a failure: Minus 89% stock return in 'Trump Hotels & Resorts' in 10 years

This topic contains 0 replies, has 1 voice, and was last updated by  jackiemckenna 1 year, 3 months ago.

  • Author
    Posts
  • #19815 Score: 0

    jackiemckenna
    Participant
    • New Topics 2
    • Replies 2
    • Total 4

    How does someone lose money in a casino?

    Trump had a negative 89% stock return according to a graph at the link while the average Dow Jones casino index gain for gaming companies was 160%.

    So, a 160% overall gain for casinos versus an 89% loss for Trump.

    “For 10 years between 1995 and 2005, Donald Trump ran Trump Hotels & Casino Resorts – and he did it so badly and incompetently that it collapsed into Chapter 11 bankruptcy. His stockholders were almost entirely wiped out, losing a staggering 89% of their money. The company actually lost money every single year. In total it racked up more than $600 million in net losses over that period.

    Trump was chairman of the board throughout the entire time, and CEO as well for about half of it.”

    http://www.marketwatch.com/story/its-worse-than-you-think-trumps-business-disaster-2016-03-04

You must be logged in to reply to this topic.