SGH 0.00% 54.5¢ slater & gordon limited

SGH debt trades at 38 cents in the dollar, page-106

  1. 23,799 Posts.
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    Fish, I was trying to find the video clip utube. But you can google about the following;

    Trump's Taj Mahal in Atlantic City was nearly one billion dollars to build. He started a public company to get the money. After it was build and running for sometime a financial analyst reported it was not returning enough revenue to be viable (sound familiar)

    Trump said he would sue the broker unless a full retraction from the analyst was made. The analyst would not and was fired by the brokerage same day.

    As time when on Trump was telling shareholders everything was fine and kept taking more and more directors fees and remuneration. (sound familiar)

    Later on the company went bankrupt and shareholders received nothing. I just watched a SBS doco that that it didn't bother Trump as he received many millions of dollars over that from his directorship of the company. (deja vu?)

    https://en.wikipedia.org/wiki/Trump_Taj_Mahal
    Last edited by jimk3758: 07/11/16
 
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