That's BILLION with a "B." The parking lots may be half full, but BX is doing something right in this endeavor. Two of this morning's headlines: "Blackstone made how much!?" and "A surprise from Hilton - Big profit for Blackstone." When you make 10 billion in one deal, a 6 million write-down here and a 10 million write-down there in Asia, which the critics point to, are put in perspective. BX not at IPO price ($31) yet, but we'll blow past that in 2014. Still holding here.
I wonder how much those articles cost BX as we all know its all part of their marketing campaign to drive attention towards hilton. BX STILL NOT ABOVE ITS IPO PRICE AFTER 7 YEARS DOWN FURTHER TODAY AND INTO NEXT WEEK. SELL SELL SELL.