Icahn May Pick Bones From Trump Atlantic City Bankruptcy Again

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Mark Melin
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Updated on

Carl Icahn may hold the trump card in Atlantic City as Trump Entertainment’s bankruptcy could turn out to be an opportunity to buy low, sell high. Carl Icahn a secured lender to Trump Entertainment Resorts Carl Icahn is a secured lender to Trump Entertainment Resorts and is owed $285 million plus interest. As interest payments compound, Icahn may just be surveying the bones of the Trump carcass and finding value in the Trump Taj Majal.  A report in The Wall Street Journal by Peg Brickley said that as the owner of two Atlantic City casinos heads to bankruptcy court Tuesday,…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.