Recent

% | $
Quotes you view appear here for quick access.

Fortress Investment Group LLC Message Board

  • investorseeker investorseeker May 14, 2009 11:26 PM Flag

    S&P RAISES OPINION ON SHARES OF FORTRESS INVESTMENT GROUP TO BUY FROM HOLD

    S&P RAISES OPINION ON SHARES OF FORTRESS INVESTMENT GROUP TO BUY FROM
    HOLDFont size: A | A | Aundefined undefined | S&P Marketscope
    RELATED QUOTES

    10:56 AM ET 5/14/09
    Symbol Last % Chg
    FIG 4.92 -8.55%
    Real time quote.

    SNPMarketScopeResearchNotes2009-05-14 10:30:49.000FIGFORTRESS
    INVESTMENT GRP'A'M.AlbrechtS&P RAISES OPINION ON SHARES OF FORTRESS
    INVESTMENT GROUP TO BUY FROM HOLDFIG plans to raise up to $144 million
    through a public offering of common shares. Some of the proceeds will
    be utilized to repay indebtedness, which totaled $604 million at Mar-Q
    end, and the remainder for general purposes, which may include
    investments in its own funds. FIG principals intend to purchase up to
    $25 million in shares from the offering, which we view as positive. We
    are trimming our target price by $1.50 to $7, but raising our
    recommendation to buy, since we believe FIG offers an attractive play
    on government investment programs, as well as an improved outlook.|
    US;FIG|122390|6675459

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
FIG
4.95+0.05(+1.02%)May 26 4:02 PMEDT