Spotting opportunities in junk bonds/(Reits) and Steven Wynn

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Michael Milken, a financial genius back by his boss Joseph at Drexel Lambert found opportunities in junk REIT bonds, and backed  Steve Wynn in his Golden Nugget in Atlantic city.

Such opportunities can exist in the retail (not in subprime mortgage)

      1.  Troubled employees    

      2.   Bad cc record