The reason for Yahoo and Etrade made mistakes on Market cap is that they both have 100% of the float (a little >200 million shares) as their total outstanding shares! So they both wrong!
Way too angry dude, especially for someone who should be making a lot of money of late.
The market will eventually sort this out.
You are definitely entitled to your opinions; I'm just trying to lay down the metrics for everyone interested (long or short)....personally I'm long with a multi-year horizon.
The $5.7B mkt cap reflects only the IPO shares and sales to chinese government..around 18%.
The original partners (Schwarzman, Peterson et al.) still own 72%.
It does stink that misinformation plays such a great part in BX.....I've seen/heard major media screw information up.
You can do the simple math yourself, cannot you? Especially if you figure out the outstanding shares of BX which is 1.1 billion.
Just get your fact correct on BX before you bad mouth the issue ridiculously.
The numbers were given to you to show that Blackstone has grown by an average of 34% over the last 10 years. The recession and market crash in 2000 did not prevent them from reaping in double digit growth; the 1987 market crash, the early 90s housing market recession also did not stop them from enjoying tremendous growth. There is a reason why Blackstone is considered the premier PE company on Wall Street and the likes of Cramer can only land a 200k job to play clown in front of national TV.