Wall St: no idea how to value private equity
Absolutely clueless. Too many working parts, too many diverse sources of revenue...Wall Street has no idea whatsoever how to value BX, KKR, Carlyle...
You can't find an analyst today with a "sell" rating on BX, yet look at the recent action in the stock...a complete disaster. The lowest price target out there on BX: $16, a 20% premium on today's price.
The casino is OPEN.