Could This Be The Week Trump Casino Stock Crashes For Good?

Company In Distress A long rocky couple of years for Trump Entertainment Resorts could be coming to an end this week. The upcoming week could hold the answer to whether or not stock in the company finally crashes and burns for the last time.

This past week, Donald Trump remove4d himself from the Board of Directors in the company. He cited a difference of opinion with bondholders and the direction they are taking the company. Where there is smoke there is usually fire.

If Donald Trump has one thing it is clout on the stock market. If he is moving away from a company, it most likely will not be long before other people wave the white flag as well.

Of course, this could all be a moot point if the company does not finalize their negotiations with bondholders. They have already received four extensions and time is running very short. Part of any deal will most likely include some form of bankruptcy protection.

Trump stock closed last week at $.23 a share. It has not been much higher than that at any point in the past few months. Back in September of last year, the stock was up at $1.65, but it has steadily dropped since then.

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