Word: janney
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Sweetest Revenge for a Naysayer Marvin Roffman, a gambling-industry analyst, was fired by his spineless firm, Janney Montgomery Scott, after Donald Trump threatened to sue the firm because Roffman predicted the demise of the high roller's $1 billion Taj Mahal casino in Atlantic City. Just eight months later, the Taj agreed to file for bankruptcy protection...
...dollars a day -- some say as high as $1.2 million -- he will need just to keep up payments on his $675 million debt. "I am concerned about the staying power of the Taj in the winter months," says Marvin B. Roffman, until last week a respected gaming analyst for Janney Montgomery Scott in Philadelphia. "In a slow economy, I have reservations of whether he can break even." Trump does not take kindly to such warnings. When Roffman offered his analysis to the Wall Street Journal, calling Atlantic City "an ugly and dreary kind of place," Trump threatened Janney Montgomery with...
...sell-off was the sharpest since the market plunged 508 points on Oct. 19, 1987. In terms of points, it was the second largest loss in Wall Street history; in percentage, the day ranked twelfth worst. "It's total emotional and psychological chaos," said Eugene Peroni, an analyst with Janney Montgomery Scott, a Philadelphia brokerage firm. "People are dumping < everything. A great deal of money is being lost...
...only five out of twelve posted a profit last year. Overall, the casinos earned just $14.7 million after expenses in 1988, a meager return on the $2.73 billion that gamblers lost in the slot machines and at the tables, according to Marvin Roffman, a casino analyst with Philadelphia's Janney Montgomery Scott. The reason is the debt the casinos have taken on in the past three years, much of it through junk bonds, either to fight off takeovers or engineer them. Atlantic City's casinos have incurred more than $2 billion in debt, $6 for every $1 of equity. Some...
...still commands 70% of the $50 billion long-distance market, but has grown increasingly price conscious in its rivalry with MCI and Sprint. Even so, the lateness of the move has shaken some investors' confidence in Ma Bell. Says James Meyer, a telecommunications analyst with the Philadelphia investment firm Janney Montgomery Scott: "My question is, Is this it? Or will we have to go through this again...