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The Blackstone Group L.P. Message Board

  • billlewisiv billlewisiv Mar 20, 2012 9:22 AM Flag

    WHEN is it going to happen for this company??

    We keep hearing the same commentary...BX has more money than God...scooping up distressed assets at bargain bin prices for the last few years...

    Yet the share price sits at less than HALF the 2007 IPO price...with banking stocks like BAC at double their level of a few months ago...this does nothing but languish between 14-17 bucks.

    When will it happen for BX? Or is it just a trader's playground and an ATM for BX brass?

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    • emanuilshvarts Mar 22, 2012 12:44 PM Flag

      Last two weeks BX is movng up stubbornly, even in bad market days.
      Of course, it happened ten times last year - and we got nothing - but this time I am a bit optimistic.
      There were two nice upgrades recently, and if you go to SCHWAB RESEARCH you'll see three BUY and one HOLD.
      Secondly, FAST MONEY show this week (I think monday, not sure) recommended BX as BUY.
      And finally - according to gurus - the whole Private Sector in US is moving ahead.

      I am long BX - mostly with April-June Calls and Risk Reversals.

      Good Luck to Longs!

    • Keep the faith, smart guys.

      Insiders, especially Schwartzman, still have a ton of stock, and even though he is worth a fortune, they ain't giving up on getting but yet another billion.

      It's what drives these guys.

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