...protection?
This company can't be in good shape right now. Hotels. Resorts. Condominiums.
Revenue probably came to a relative screeching halt, but expenses probably only dropped a small amount.
Valuations of properties are probably flat at best. More likely they are falling, and decent chance they'll be falling a lot more and faster here in the next couple of quarters.
We don't know how leveraged is the company, but if they have creditors expecting monthly payments, this could be very bad news. Doesn't seem like the kind of company that would have been sitting on a ton of cash as of February.
Is Donnie going to keep feeding his own cash into the company to keep it solvent, or file for bankruptcy protection? And if the latter, how long before it's filed? My guess is he files and it's within a month of him losing the election.
What do you think?
This company can't be in good shape right now. Hotels. Resorts. Condominiums.
Revenue probably came to a relative screeching halt, but expenses probably only dropped a small amount.
Valuations of properties are probably flat at best. More likely they are falling, and decent chance they'll be falling a lot more and faster here in the next couple of quarters.
We don't know how leveraged is the company, but if they have creditors expecting monthly payments, this could be very bad news. Doesn't seem like the kind of company that would have been sitting on a ton of cash as of February.
Is Donnie going to keep feeding his own cash into the company to keep it solvent, or file for bankruptcy protection? And if the latter, how long before it's filed? My guess is he files and it's within a month of him losing the election.
What do you think?
