Important Vintage Diver 1980 Diving Deep Into My 40’s Shirt
All of that being said, I would expect to see some income being picked up somewhere here. Even in the 80s and 90s as his brand was expanding, Trump was not building enough to be writing off billions due to depreciation alone. His interest expense was high, meaning much of his operating cash was likely coming from loans and not actual operating income. I obviously have not seen all the details but this pattern of losses is indicative of a business with serious leverage and liquidity issues. There is a reason so many of the entities he was operating at this time were bankrupted.
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