It's time as stock holders to send lots of faxs to Donald and tell him to get off his A__.
Fax: 212-688-0397. Also when the time comes to vote for directors, Vote WITHHOLD
ALL NOMINEES. And time for Rebis to be terminated. Please put on other message
boards.
From The Fool:
The only other significant news today for the portfolio came from Da Donald. Given
that Trump Hotel & Casinos (NYSE: DJT) failed to release its March quarter results
pronto, our own Paul Larson (TMF Parlay) predicted that Mr. Trump's gambling
empire probably came up snake eyes. And... he was right! Trump was trumped
today, losing $5/8 (or 12%) to $4 5/8 after reporting lousy first quarter results. Since
we're short the stock, Trump's bad news is our good news.
The company's results appear to have deteriorated slightly across the board. Revenues
dipped a bit to $316.1 million from $316.6 million in the year-ago period. EBITDA, or
earnings before all the bad stuff (interest, taxes, depreciation, amortization, etc.),
declined to $50.6 million from $52.5 million. Since there's a lot of bad stuff -- like
$55.5 million in interest payments thanks to the company's mass o'debt -- chez
Donald lost $20.2 million, or $0.91 per share before one-time charges. That wasn't
just worse than the $17.7 million, or $0.79 per share, gambled away in the year-ago
period. It was also a lot worse than the $0.58 per share loss analysts expected.
Looking at specific properties, the only one to show higher revenues and EBITDA
was tiny Trump Indiana, where sales jumped to $36.9 million from $28.3 million a
year ago and EBITDA rose to $5.0 million from $3.1 million. The only other positive
news was that results improved during April, leaving revenues for the first four
months of the year up over last year and pushing year-to-date EBITDA to $74.4
million from $65.9 million.
Of course, the company may have held off reporting earnings until now so it could
conjure up some ameliorating good news. Da Donald has been trying to pull off such
Jedi mind tricks to distract investors for a while. Paul may have more to say about
Trump next week, but the results look predictably bad to me.
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