really? Didn't get enough money from dumb people already?
"DJT" - Ticker symbol for Trump Media Begins Trading
- Thread starter fatpiggy
- Start date
Trump stock is gonna be less valuable than Trump shoes or Trump NFTs.
I continue to be chocked at idiots who trust on a DJT business
I continue to be chocked at idiots who trust on a DJT business
For me it has nothing to do with trusting Trump. I'll buy the stock when i feel it's priced correctly.
Trump was, and still is, a media magnate. There is a lot of potential. But like all other investments, price is what you pay, value is what you get. I'll buy in when the price gets better.
1. Trump Airlines -- Trump borrowed $245 million to purchase Eastern Air Shuttle. He branded it Trump Airlines. He added gold bathroom fixtures. Two years later Trump could not cover the interest payment on his loan and defaulted.
2. Trump Beverages - Although Trump touted his water as "one of the purest natural spring waters bottled in the world," it was simply pottled by a third party. Other beverages including Trump Fire and Trump Power " seem not to have made it to market. And Trump's American Pale Ale died with a trademark withdrawal.
3. Trump Game - Milton Bradley tried to sell it. As did Hasbro. After investment, the game died and went out of circulation.
4. Trump Casinos - Trump filed for bankruptcy three times on his casinos, namely the Trump Taj Mahal, the Trump Marina and the Trump Plaza in New Jersey and the Trump Casino in Indiana. Trump avoided debt obligations of $3 billion the first time. Then $1.8 billion the second time. And then after reorganizing. shuffling money and assets, and waiting four years, Trump again declared bankruptcy after missing ongoing interest payments on multi- million dollar bonds. He was finally forced to step down as chairman.
5. Trump Magazine- Trump Style and Trump World were renamed Trump Magazine to reap advertising dollars from his name recognition However, Trump Magazine also went out of business.
6. Trump Mortgage- Trump told CNBC in 2006 that "I think it's a great time to start a mortgage company. ...The real-estate market is going to be very strong for a long time to come." Then the real estate market collapsed. Trump had hired E.J. Ridings as CEO of Trump Mortgage and boasted that Ridings had been a "top executive of one of Wall Street's most prestigious investment banks." Turned out Ridings had only six months of experience as a stockbroker. Trump Mortgage closed and never paid a $298,274 judgment it owed a former employee, nor the $3,555 it owed in unpaid taxes.
7. Trump Steaks - Trump closed Trump Steaks due to a lack of sales while owing Buckhead Beef $715,000
8. Trump's Travel Site -- GoTrump.com was in pusiness for one year. Failed
9. Trumpnet - A telephone communication company that abandoned its trademark.
10. Trump Tower Tampa - Trump sold his name to the developers and received $2 million. Then the project went belly-up with only $3,500 left in the company. Condo buyers sued Trump for allegedly misleading them. Trump settled and paid as little as $11,115 to buyers who had lost hundreds of thousands of dollars.
11. Trump University or the Trump Entrepreneur lnitiative -- Trump staged wealth-building seminars costing up to $34,995 for mentorships that would offer students access to Trump's secrets of success. Instructors turned out to be motivational speakers sometimes with criminal records. Lawsuits and criminal investigations abound.
12. Trump Vodka - Business failed due to a lack of sales.
13. Trump Fragrances - Success by Trump, Empire by Trump, and Donald Trump: The Fragrances all failed due to being discontinued, perhaps as a result of few sales.
14. Trump Mattress - Serta stopped offering a Trump-branded mattress, again likely due to slacking sales.
2. Trump Beverages - Although Trump touted his water as "one of the purest natural spring waters bottled in the world," it was simply pottled by a third party. Other beverages including Trump Fire and Trump Power " seem not to have made it to market. And Trump's American Pale Ale died with a trademark withdrawal.
3. Trump Game - Milton Bradley tried to sell it. As did Hasbro. After investment, the game died and went out of circulation.
4. Trump Casinos - Trump filed for bankruptcy three times on his casinos, namely the Trump Taj Mahal, the Trump Marina and the Trump Plaza in New Jersey and the Trump Casino in Indiana. Trump avoided debt obligations of $3 billion the first time. Then $1.8 billion the second time. And then after reorganizing. shuffling money and assets, and waiting four years, Trump again declared bankruptcy after missing ongoing interest payments on multi- million dollar bonds. He was finally forced to step down as chairman.
5. Trump Magazine- Trump Style and Trump World were renamed Trump Magazine to reap advertising dollars from his name recognition However, Trump Magazine also went out of business.
6. Trump Mortgage- Trump told CNBC in 2006 that "I think it's a great time to start a mortgage company. ...The real-estate market is going to be very strong for a long time to come." Then the real estate market collapsed. Trump had hired E.J. Ridings as CEO of Trump Mortgage and boasted that Ridings had been a "top executive of one of Wall Street's most prestigious investment banks." Turned out Ridings had only six months of experience as a stockbroker. Trump Mortgage closed and never paid a $298,274 judgment it owed a former employee, nor the $3,555 it owed in unpaid taxes.
7. Trump Steaks - Trump closed Trump Steaks due to a lack of sales while owing Buckhead Beef $715,000
8. Trump's Travel Site -- GoTrump.com was in pusiness for one year. Failed
9. Trumpnet - A telephone communication company that abandoned its trademark.
10. Trump Tower Tampa - Trump sold his name to the developers and received $2 million. Then the project went belly-up with only $3,500 left in the company. Condo buyers sued Trump for allegedly misleading them. Trump settled and paid as little as $11,115 to buyers who had lost hundreds of thousands of dollars.
11. Trump University or the Trump Entrepreneur lnitiative -- Trump staged wealth-building seminars costing up to $34,995 for mentorships that would offer students access to Trump's secrets of success. Instructors turned out to be motivational speakers sometimes with criminal records. Lawsuits and criminal investigations abound.
12. Trump Vodka - Business failed due to a lack of sales.
13. Trump Fragrances - Success by Trump, Empire by Trump, and Donald Trump: The Fragrances all failed due to being discontinued, perhaps as a result of few sales.
14. Trump Mattress - Serta stopped offering a Trump-branded mattress, again likely due to slacking sales.
i still don't get how you bankrupt a casino, but here we are
I'd be more worried if he wasn't failing. Both Elon Musk and Jeff Bezos are big fans of failure. If you aren't failing you aren't pushing the envelope.
These types of posts make me laugh. All good business people have failure.
If you want to see Trump's successes then just go to NYC, Vegas, Chicago, San Fran and look at his name on the prime real estate buildings.
He also bankrupted the USFL. Big-time football and casinos are the two businesses that are really hard to screw up. The guy has the worst biz judgement. All those tax cuts were going to pay for themselves right?
Blows my mind that people think he’s qualified to run this country when he’s not even capable of running a mall kiosk.
Man, you are a textbook example of the Dunning-Kruger Effect.
He leases his name to buildings because nobody would lend to him anymore. And I bet every single lessee regrets that move.
Would LOVE to know what value you ascribe to a business with no revenue, no users, massive bloat, no credible auditors, and has execs embroiled in lawsuits.
This thing is obviously headed to zero. Just waiting for prisoner’s dilemma to play out and the MAGAts to eat their own.
There are multiple people on this board who are substantially smarter about business than DJT. He would have been richer had he invested his inheritance.
Trump is a spectacularly shitty businessman who is a very good self promoter. He had a unique ability to lie so spectacularly and frequently that people believe it. He has literally never admitted fault, like ever about anything.
You ready to admit it's due to fact that Trump is a terrible businessman?
No, because there is no evidence of that.
Go to Chicago and tell me a bad businessman has his name on the best building in the city. lol
Wait. Did you say that there was "no evidence" that Trump is a bad businessman?
That might be the most idiotic thing you've ever posted, and that's saying a lot.
He claimed it was worthless at tax time
How Trump Maneuvered His Way Out of Trouble in Chicago
When his skyscraper proved a disappointment, Donald Trump defaulted on his loans, sued his bank, got much of the debt forgiven — and largely avoided paying taxes on it.
Thats because you conflate failure with bad business. I view it quite the opposite. Failure means you are trying hard to innovate and pushing the envelope. Jeff Bezos, Elon Musk and many others will tell you that if you aren't failing then you aren't trying hard enough.
So are you telling me there is no "evidence" that Trump is a good business man? Go look at who has there name on the tallest, building in Chicago. lol
- "If you decide that you're going to do only the things you know are going to work, you're going to leave a lot of opportunity on the table." - This quote emphasizes the importance of taking risks and embracing potential failure as a part of innovation and growth.
- "To invent you have to experiment, and if you know in advance that it's going to work, it's not an experiment." - This quote highlights the inherent uncertainty in the process of invention and innovation, and the acceptance of failure as a necessary part of this process.
- "It’s always day one" is one of my favorite company slogans. The challenge for successful products is that success begets complacency. Jeff Bezos came up with a succinct reminder that you can’t lose that hunger & hustle that got you there otherwise you begin the path to failure." - This quote stresses the importance of maintaining a mindset of continuous innovation and not resting on past successes, as complacency can lead to failure.
- "We all know that if you swing for the fences, you're going to strike out a lot, but you're also going to hit some home runs." - This quote uses a baseball analogy to illustrate the relationship between risk-taking, failure, and the potential for significant success.
- Jeff Bezos
- "Failure is an option here. If things are not failing, you are not innovating enough." - This quote highlights the role of failure in the process of innovation and the importance of taking risks to achieve breakthroughs.
- Elon Musk
- "I have not failed. I've just found 10,000 ways that won't work." - Thomas Edison
- "Success is not final, failure is not fatal: it is the courage to continue that counts." - Winston Churchill
- "Only those who dare to fail greatly can ever achieve greatly." - Robert F. Kennedy
- "It is fine to celebrate success, but it is more important to heed the lessons of failure." - Bill Gates
- "I can accept failure, everyone fails at something. But I can't accept not trying." - Michael Jordan
- "Ever tried. Ever failed. No matter. Try again. Fail again. Fail better." - Samuel Beckett
- "Failure is simply the opportunity to begin again, this time more intelligently." - Henry Ford
- "The only real mistake is the one from which we learn nothing." - Henry Ford
- "Success is most often achieved by those who don't know that failure is inevitable." - Coco Chanel
- "Do not be embarrassed by your failures, learn from them and start again." - Richard Branson
I have no problem with that. I hope you made a lot of money. This is why we have price discovery.
Oh, so he made a bunch of money and then found a way to avoid paying taxes on it. But he is a bad business man? Are you arguing for my side?
He would have been richer had he invested his inheritance than he is now.
For you to compare him to Musk or Bezos is laughable. Trump never created any businesses. He tried to fleece people at every turn and always failed.
He sucks at business,he's excellent at self promoting. He has never been an innovator at all. His only profitable businesses are in licensing the Trump name to others.
I have no dog in this fight. I didn't and won't buy any of it, even when it hits $3. In its present form, there is really nothing to the company besides a famous name
Putting up a little fight, rallying 35% off the lows. Little short squeeze in actions.
From the cnbc article it looks like $17 is the price at which the stock needs to trade in order for Trump to receive an additional 1/3 ownership in the company. It does not state the exact date, i think it may be an average price over the past 60 days or something. Either way, i still expect the stock to test those levels before any sustained rally can take place.
On Tesla i believe that the eventual path for cars will NOT be battery powered but fuel cell powered using hydrogen to drive the car electric drive. So yes, I believe we will head EV but not battery powered as batteries are huge deadweights on a car. If there is a super battery coming out it may have a chance. But for the next 30 years I see gasoline and diesel-powered dominating at 90% with EV at 10% or less. I don't see a Tesla in my future for now. At 72 I figure I will drive gasoline till they take my license and then my kids can get me a personal UBER. LOL
To further elaborate on DJT stock I am staying away from Truth Social as I want investment grade stocks and I think it will probably be good long term I am shying away short term because there will be all kinds of attempts to disrupt the valuation both up and down and I don't want to be in the game with that going on.
I just want to look for value and appreciation with a company that is building a solid customer base and making the quality of life better for people. I have bought recently mostly what most people call the TECH SUPER 7.
I put my son in on Microsoft when it was like 14 a decade or more ago and look at me now. LOL
There are some killer growth stocks out there. I am looking at bio-techs at the moment.
DITTO FOR ME TOO
I don't want to bet on failure.
I prefer betting on success.
That's both my weakness and strength when asked in a job interview. LOL
We will have to disagree on EV's. Not just Tesla, but Battery Electric Vehichles are where it's at. If you haven't driven one you should check them out. In my opinion they drive much better than a gas car and its just not that close. I do think the transition will be measured in decades and not years, and it should not be subsidized by the government.
But at this point i just don't see how it doesn't happen. I'm certainly not saying ICE cars, or hydrogen alternatives, are going away. I just think over time and as word gets out people will realize that BEV is just a better car at a cheaper price.
Nothing wrong with disagreeing.
My point and I think you will agree is let the market sort it out.
I am thinking it will be many decades before EV cars and trucks are dominating.
One area I think on is military applications. Charging in a combat zone would be a pretty tall order.
If I was hazy on the EV part I am feeling that EV cars will one day be the norm but the huge batteries taking a while to charge has to be corrected.
That's why I think we will go to some sort of fuel cell with direct hydrogen to electricity conversion.
I think the batteries will be phased out over a decade or more.
Point is we are going to see many years of transition and not a few years.
