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The Blackstone Group L.P. Message Board

  • sam_0534 sam_0534 Jan 7, 2014 2:46 PM Flag

    BX earning and cc set on Januart 30th

    anxious to see how it goes...I dont kknow how BX will account for the IPOS and (-) PBF, (-5.6%) Prices secondary offering of 15 mln shares at $28 each, generating $420 mln in gross proceeds for investment vehicles managed by the Blackstone Group (BX:$31.66,00$0.18,000.57%) and First Reserve. The refinery company did not receive any proceeds from the offering.
    secondary offering they have made..Any ideas how that will translate to dividends?bonus?...

    Sentiment: Buy

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    • I'm looking for a big increase or one-time dividend. These deals they are monetizing are creating huge increases in equity/paper profits. Insiders hold large stock positions. In today's geopolitical, it would make sense for Schwarzman to bump the divvy or announce a large one-time divvy instead of selling stock. We shall see. Best of luck to all longs.

 
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