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Company: Morgans Hotel Group (MHGC)
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  Morgans In the Red

In the red corporation by some $950m. Currently looking for JV equity partners from 67%-80%. Loss leaders with over-expenditure, all the while persisting with their poor management skills. A good brand with cutting edge designed properties, however the white collars let them down. One to watch when the hole gets too big and gains can be made to any 100% equity investor. Set the agenda!

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