Trump Supporters Double Their Money in One Day

Look, you may be the biggest Trump supporter in the world, but that doesn’t change the fact that from a historical perspective, his track record with public companies isn’t so hot… Look, you may be the biggest Trump supporter in the world, but that doesn’t change the fact that from a historical perspective, his track record with public companies isn’t so hot... [Energy and Capital logo] Trump Supporters Double Their Money in One Day [Jeff Siegel Photo] By [Jeff Siegel]( Written Oct 26, 2021 Take a look at this chart… [dwac] This is a chart of Digital World Acquisition Corp. (NASDAQ: DWAC), a technology and financial services SPAC that blew through the roof last week after it was announced it would be taking Donald Trump’s planned social media platform public. The stock gained more than 120% in a single day. No matter how you feel about Trump, the bottom line is that this guy has a lot of fans and the Trump brand can still put asses in seats. That chart is proof of his influence. Make no mistake: The trading action we saw on DWAC last week was the result of the Trump name and that name being promptly promoted on social media networks. It was not the result of careful analysis or due diligence. If it were, it’s unlikely the stock would’ve moved at all. December 9 Will Be the Richest Day in History A new world will exist where aging will be a thing of the past... All because of this company’s stunning announcement on December 9. This announcement will affect tens of millions of people... And become a potential TRILLION-dollar game-changer. Investors stand the chance to multiply their investments many times over if they get started right now. [Get all the details.]( Truth is, even if you think Donald Trump was the greatest president the U.S. has ever had, his track record on taking companies public is not a good one. In fact, the last time Trump took a company public, it ended up being a miserable failure for shareholders. Dan Alexander from Forbes summed up that debacle pretty well when he wrote about Trump’s previous public company, Trump Hotels and Casino Resorts, which was listed on the New York Stock Exchange under the symbol “DJT.” Check it out: Trump Hotels and Casino Resorts started with just one Atlantic City casino, but Trump personally held another two outside of the firm. Less than a year after taking the company public, he used it to buy one of his two other casinos, the debt-burdened Taj Mahal, in a deal that valued his stake at $40.5 million. The transaction improved Trump’s personal balance sheet, but the company suddenly had a disastrous amount of debt. As part of the agreement, Trump also collected $51 million of cash and $11 million of stock, in exchange for land that he had previously rented to the company for about 5% of that price annually. A couple of months later, Trump Hotels and Casino Resorts announced that it was going to pony up roughly another $500 million for Trump’s third Atlantic City casino. At the time, one analyst estimated that the property was worth more like $400 million, suggesting Trump was essentially robbing the public company of $100 million. Investors smelled a rotten deal, and shares plummeted 37% within days. In 1998, Trump treated himself to two personal loans from the company, taking out $11 million in one instance and $13.5 million in another. Trump Hotels and Casino Resorts racked up an estimated $13 million of expenses for things like entertaining at other Trump properties, using Trump’s personal planes and leasing space inside Trump Tower. Trump also collected lots of fees. He had one agreement that paid him based on the performance of a particular casino, but according to the deal, Trump had to “promptly” pay back the money if things went south. Things did go south, but Trump kept the $1.3 million. The publicly traded company eventually ended up crediting the missing funds against later earnings. In a different example, a separate Trump company collected $1.3 million as part of a “services agreement.” According to a document filed with the Securities and Exchange Commission, however, Trump’s separate company was “not required to devote any prescribed time to the performance of its duties” in order to collect the money. Such nickel-and-dime machinations added up. From 1995 to 2004, Trump personally received an estimated $50 million in fees, salaries, rents and so forth. Over that same stretch, the company lost $647 million. In 2004, it declared bankruptcy. Look, you may be the biggest Trump supporter in the world, but that doesn’t change the fact that from a historical perspective, his track record with public companies isn’t so hot. Facebook Has Already Bet $50 Billion on ThisForget 5G — 2021’s Biggest Gains Will Be Here Mark Zuckerberg is no fool. So when he invests $50 billion in a brand-new technology, you'd better pay attention — especially when venture capitalists have also plowed $45 billion in it. Apple and Google have quietly added it to more than 1 billion smartphones. And this exclusive video reveals why this new tech breakthrough is about to revolutionize the computing world... and make a lot of people very rich. Early investors stand to make extraordinary gains of as much as 9,910%. But you have to hurry — this technology is about to go mainstream. [Click here now to get the inside story.]( His track record with private companies isn’t so hot either. Trump University, Trump Steaks, the Trump Shuttle airline. These were all huge disasters, and his social media company will be no different. The new social media network is called Truth Social, but I don’t believe it has any chance of becoming even remotely competitive with Facebook or Twitter. By limiting its scope to primarily Trump supporters (because non-Trump supporters will never use this site), it will never be able to see the kinds of numbers Facebook and Twitter can pull in. This isn't a criticism of the site itself, by the way, but rather an observation of truth. Sure, it might be fun to entertain conversations with like-minded folks on the platform, but its ability to reward shareholders is unlikely. Between the platform’s inability to reach folks who aren’t either conservatives or Trump supporters and Trump’s historical record of business failures, I see DWAC being little more than a short-lived trading opportunity. Of course, if you’re a day trader, have at it. Hell, I might even play with this one a little too. But in terms of a solid, long-term, sustainable investment, DWAC will prove to be a giant disappointment. To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]@JeffSiegel on Twitter]( --------------------------------------------------------------- The #1 Weapon Against COVID-19 (NOT a Vaccine!) There’s a brand-new anti-COVID technology on the market. Tech giants Apple, Microsoft, and Facebook are pouring every free dollar they have into this development. Even Dr. Fauci is behind them! He’s admitted to using it himself. And best of all, Trump used the last few weeks of his presidency to make SURE it’s in every single airport across the country. With a vaccine still not easily accessible to U.S. citizens, this tech is the best chance we have of stopping this pandemic in its tracks. But the craziest part? One tiny company owns every single patent for the device. And right now, you can still pick up shares for under a dollar. But this profit window won’t last long, so you have to be quick. [Click here to get all the details on this breakthrough technology.]( Browse Our Archives [Stop Wasting the Government's Money!]( [WATCH: Almost Dying on the Chesapeake Made Me a Better Trader]( [Solar Investments That Pay Double-Digit Dividends]( [The COVID Bottleneck Worth Billions for These Biotech Stocks]( [New Bitcoin ETF Launches]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Energy and Capital, please add newsletter@energyandcapital.com to your address book or whitelist within your spam settings. 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