All this hub-bar over BX going from 10-11 to 13-14, so what, this had an IPO price of $31 and considering all the deal making it seems nothing every hits the bottom line and improves stock holders positions.
Let's see how the Oct 28 conference call goes, let's see if we get clear, positive direction on what their doing and how and if they plan on showing some sort of guidance for increased earnings and most importantly getting BX back to it's IPO Price. The way they announce deals and funds and this and that you would think they would be double or triple their IPO price...
Their calls are always very positive( as most Companys calls). They state they are in the sweet spot in this kind of market and will bust out like a cannon. They will if the economy recovers. Extreme leverage with BX. PPS Will be 50% higher in recovery but 50% lower if double dip.
Curious as to why you keep whining and blithering about the IPO price. You can't evaluate any stock outside the context of the market, or as of any single point in time. BX has almost tripled from its March 2009 low. If you bought at the IPO price, you're down. If you bought at the market low, you're up.
I think the quarter will be positive, but whether it is or not, I really like this stock long term. I think it will pay long term investors--including those in since 2007--handsomely. And if I'm wrong, I'll move on at some point. Without whining.