Post reply

Apollo's Acquisition of Diamond Resorts (by Irene P.):

Having been a stockbroker when Michael Milken earned his junk bond fame at Drexel Burnham Lambert I was alarmed to learn the founder of Apollo and DBL bought Diamond Resorts. The next step, according to Wall Street prophets, is to have Wyndham buy it for $36 - $39 a share. Apollo is just the middle LBO step.

Thanks to Diamond, in my outcry to the media, I am now a contributor (unpaid) for the Jim Cramer of Mad Money TheStreet. They published my article, "Is Apollo's Acquisition of Diamond a Return to its Junk Bond Roots?" It is except I am the junk as my points are worthless. Search Irene Parker The Street to read the article.

I was also published on "Inside Timeshare" in Europe. I created a virtual interview after reading about the extraordinary amount of money the venture capitalist made. You can read about it in my article "Is There a Disconnect Between Timeshare Owners and Venture Capitalists?" I'm not against venture capital. We retired at 55 because of a venture capitalist. I'm also not against Diamond. I like their resorts. We just want to be able to sell our points if we have to with one of the LTRBA members since they buy and sell Diamond's competitor's points. I think this is unfair trade. To read the Virtual Interview in the style of Stephen Colbert search - Inside Timeshare. England's version of Stephen Colbert is John Bird and John "subprime" Fortune.

I am unpaid. As a former CASA supervisor writing court reports on behalf of foster children, I cannot stand by and let timeshare abuse go by unnoticed. I interviewed someone for another article that still keeps me awake at night. The legislators AARP ARDA and most of the Attorney Generals are on the side of timeshare because it is good for the economy. Theirs not ours.