Investors often overlook SEC filings, and it is the job of the 10Q Detective to dig through businesses’ 8-K and 10-Q SEC filings, looking for financial statement ‘soft spots,'(depreciation policies, warranty reserves, and restructuring charges, etc.)that may materially impact Quality of Earnings.
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?