Word: analysts
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...Although relations between the Palanpuris and the Hasidim are cordial, Surat's diamond traders admit that India's sudden rise to prominence has caused some resentment in Israel and Belgium. One Israeli analyst frets that Surat's bustling workshops are flooding retail stores with diamonds, which could depress prices for years to come. ABN AMRO's Patnaik points out, however, that the market for diamonds could expand quickly as the burgeoning middle classes of China and India develop more of a taste for diamond jewelry. To make sure they secure a foothold in the Chinese market, some Surat businessmen have...
...business? Trump Hotels' shareholders have concerns. "I don't think he knows a thing about running the casinos," asserts Marvin Roffman, an analyst and longtime Trump critic at the investment firm Roffman Miller. The cash-starved casinos are run down and have been losing customers to newer outfits like the Borgata Hotel Casino & Spa, which opened last year. Since selling initial shares to the public in 1995, Trump Hotels has never recorded an annual profit and the stock has fallen 84%. If Trump gets the deal he wants to recapitalize the company, existing shareholders may get wiped...
...Trump may get most of what he wants anyway--not because of his managerial acumen but because the brand he has promoted so tirelessly is a key asset. "His name has cachet," says Kim Noland, debt analyst at Gimme Credit newsletter. "That might actually help with customer count." Trump is a tough negotiator too. He knows from experience that when you owe billions, the creditors are in just as much trouble as you are. And he isn't all that desperate. His outsize ego could no doubt handle the potential Atlantic City bankruptcy, and his stake in the casino properties...
...could mean that Azizi had helped after all. What is the GICM? The Moroccan group, listed as a terrorist organization by the U.S. since 2002, is believed to have helped launch a coordinated series of suicide bombings in Casablanca last May, killing 33 innocents and 12 bombers. Moroccan political analyst Mohammed Darif sees GICM as "part of al-Qaeda," but says its role in both Madrid and Casablanca "was to provide the people who would carry out attacks; the people higher up who planned the attacks were not Moroccans." A French counterterrorism official agrees that GICM's "members...
Hyflux is now a $270 million company, and Lum's biggest challenge will be to sustain its rapid growth. "There are further good years ahead," says Kerryn Tay, an analyst at GK Goh Research in Singapore, pointing to growing demand for Hyflux's products in China and government support at home. For her part, the hardworking Lum wants Hyflux to be worth $3 billion within five years. Grandma would approve. --By Jake Lloyd-Smith