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The Blackstone Group L.P. Message Board

mrclean82400 29 posts  |  Last Activity: 8 hours ago Member since: Dec 3, 2001
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  • Reply to

    I am

    by zbgb952 Nov 21, 2015 12:11 AM
    mrclean82400 mrclean82400 8 hours ago Flag

    Not sure but I am going to be a buyer at these prices.

  • Reply to

    Again they need to suspend the distribution....

    by alsteele_99 Nov 9, 2015 10:02 AM
    mrclean82400 mrclean82400 Nov 9, 2015 11:36 AM Flag

    I admit I was skeptical and feared a huge sell off when kkr did that. I was wrong. Granted do prefer the distribution. But I think I may actually be better off. I guess I don't know jack.

  • mrclean82400 by mrclean82400 Nov 2, 2015 3:27 PM Flag

    Lord I hope they are not paying a 10% premium and driving this rally themselves. I have never been a fan of buybacks because the companies always seem to over pay.

  • mrclean82400 mrclean82400 Oct 27, 2015 5:24 PM Flag

    I can't believe this. Buy backs are a total waste. I have never seen a successful buy back. Someone once said IBM was one that worked. I just don't see it.

  • Reply to

    Legit Question

    by sirreal151 Oct 23, 2015 6:00 PM
    mrclean82400 mrclean82400 Oct 27, 2015 3:49 PM Flag

    Did you look at the Statement of Cash Flows? Sorry, Yahoo does not let me put in a link. But it is rite there when you are in the summary area in Yahoo.

  • mrclean82400 by mrclean82400 Oct 24, 2015 4:56 PM Flag

    Pondering g the extortion. Management said they settled and won't sue the union. But the shareholders were victims of the nefarious plot. Could a class action be launched for the shareholders!

  • Reply to

    I bought

    by mrclean82400 Oct 23, 2015 10:37 AM
    mrclean82400 mrclean82400 Oct 23, 2015 2:16 PM Flag

    Dang! I bought too soon. I thought the CC would sound better. Oh well. They are being punished for not disclosing union extortion earlier. I think they said they can resume the buybacks on Tuesday so if they are going to be buyers, then it is fine by me the price is down.

  • mrclean82400 by mrclean82400 Oct 23, 2015 10:37 AM Flag

    Well I bought more. Granted not at the low.

  • Reply to

    book value multiple

    by jkobar Oct 19, 2015 7:08 PM
    mrclean82400 mrclean82400 Oct 20, 2015 7:35 PM Flag

    BX gets paid a fee for managing things that are not on its books. When you hear of Blackstone buying such and such assets, that is just media laziness. Some fund put together by Blackstone is buying those assets and if all goes well, Blackstone will get a performance fee. So don't look at book value.

  • Reply to

    Morningstar Report Highlights

    by brathe Oct 8, 2015 3:10 PM
    mrclean82400 mrclean82400 Oct 8, 2015 3:36 PM Flag

    Thank you for that.

  • Reply to

    What happened at the opening on 9/15

    by infosecman1 Sep 16, 2015 6:48 AM
    mrclean82400 mrclean82400 Oct 2, 2015 12:59 PM Flag

    I am out of cash at the present but when the dividends come in on the 15th I will be buying more. The data coming out of Smith Travel does not seem negative so I hope this is a nice opportunity for accumulation.
    HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 20-26 September 2015, according to data from STR, Inc.

    In year-over-year measurements, the industry’s occupancy increased 2.3% to 70.3%. Average daily rate for the week was up 4.9% to US$122.56. Revenue per available room increased 7.2% to finish the week at US$86.17.

    Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, reported the largest increases in ADR (+41.1% to US$175.49) and RevPAR (+35.2% to US$121.61). Occupancy in the market decreased 4.1% to 69.3%. Philadelphia was one of three Top 25 Markets to host Pope Francis during his visit to the U.S.

    Three additional markets saw RevPAR increases of more than 15.0%: Minneapolis/St. Paul, Minnesota (+19.6% to US$103.06); Tampa/St. Petersburg, Florida (+18.8% to US$65.97); and Denver, Colorado (+16.7% to US$116.09).

    After Philadelphia, two markets posted a double-digit rise in ADR: Nashville, Tennessee (+12.3% to US$137.82) and Denver (+10.7% to US$135.48).

    Minneapolis/St. Paul experienced the only double-digit increase in occupancy, up 11.2% to 83.8%.

    Houston, Texas, reported the largest declines in occupancy (-4.6% to 68.9%) and RevPAR (-5.2% to US$75.50) as well as the only decrease in ADR (-0.5% to US$109.53).

  • Reply to

    Bought 5000 shares at 0.77 yesterday

    by warr_buffet Aug 26, 2015 4:17 PM
    mrclean82400 mrclean82400 Sep 23, 2015 5:47 PM Flag

    I would be OK with that because there are too many fees in my account when a dividend is processed.

  • Reply to

    What happened at the opening on 9/15

    by infosecman1 Sep 16, 2015 6:48 AM
    mrclean82400 mrclean82400 Sep 18, 2015 3:59 PM Flag

    As you probably know by now it was the Pebblebrook warning. Smith Travel has not been noting any particular weakness that I know of. But anyhow, I am new to LHO so I don't know all that much.

  • Reply to


    by ebruzek Sep 8, 2015 3:47 PM
    mrclean82400 mrclean82400 Sep 17, 2015 3:14 PM Flag

    I think they have been clear, 5 cents per quarter until 4th quarter. I hope they change but I am not holding my breath.

  • Reply to

    .83 FFO = greater than 17X FFO multiple

    by cwebjohn Sep 11, 2015 2:27 PM
    mrclean82400 mrclean82400 Sep 11, 2015 6:31 PM Flag

    I hear you on the drive. I is just what was in the paper. SF was booked.

    A great portfolio was put together and they dumped it to sold individual with Blackstone getting the profits and my guess is Gates getting the hotels he wants. Or Gates and the Montage folks are going to form a new JV.

    "A room at San Francisco’s new Hotel Zephyr runs $999 per night during Super Bowl (Photo: Hotel Zephyr)

    Hotel rates can vary wildly based on demand. But have you ever heard of 400% increases? "

  • Reply to

    .83 FFO = greater than 17X FFO multiple

    by cwebjohn Sep 11, 2015 2:27 PM
    mrclean82400 mrclean82400 Sep 11, 2015 3:12 PM Flag

    It takes place in 2016 when FFO is going to be 1.01. Plus, during that time the company is making money that they will not pay out to the shareholders but rather goes to the buyer effectively making the cost $50 cents less per share. Plus group has been growing and not back to peak and that is going to be adding to non-room revenues which is what will significantly enhance BEE's particular hotel portfolio more than others. Plus, they just really got the overall portfolio enhanced with the sale of that average Hyatt La Jolla which is in a terrible location and replaced it with Four Seasons Austin. Things have never been more ideal for BEE and then they sell it off like a pack of Motel Sixes. Oh, and one more thing the new owners get is Super Bowl. There was an article in the paper that all the hotels in SF, luxury in particular are booked per an article in the paper the other day.

  • Reply to

    All cash deal

    by texascowboy11 Sep 9, 2015 8:58 AM
    mrclean82400 mrclean82400 Sep 10, 2015 6:20 PM Flag

    I have been pondering the board's discussion. I wonder if it went like this: "Well, we know Geller said the dividend was safe back in "08 and then said it would be restored as soon as possible because of how important it is to the shareholders, but how about we sell the property to our country club friends who can invest in Blackstone Fund VIII and then pay out a dividend to our buddies instead."

  • Reply to

    All cash deal

    by texascowboy11 Sep 9, 2015 8:58 AM
    mrclean82400 mrclean82400 Sep 9, 2015 7:21 PM Flag

    I am getting worked up now on this. $13.75 is not even a normal 14 times FFO multiple. They sold this thing like it is a collection of Motel Six's or something and not trophy hotels. How is this even legal? If I sell out now do I lose the right to litigate?

  • Reply to

    All cash deal

    by texascowboy11 Sep 9, 2015 8:58 AM
    mrclean82400 mrclean82400 Sep 9, 2015 9:58 AM Flag

    So BEE will have Ffo of about 50 cents for this quarter and the next, total. This is like selling for $13.75. Shareholders are screwed by this deal. I can't imagine crafting a worse deal for the shareholders. I can't believe they did not announce a dividend to appease us. They know they can f us, blackstone will make a little profit selling the hotels individually and Gates and Friends will end up with the hotels they want. rip will probably end up working for Blackstone. This deal sucks.

  • mrclean82400 by mrclean82400 Sep 8, 2015 6:06 PM Flag

    I have always been skeptical of Merger and Acqu. litigation. I found this commentary on the web. But this deal just has me fired. Blackstone is a short term owner. I just have a feeling the end game is already known and average Joe shareholder is not a consideration.

    Only 2% of lawsuits filed in response to merger and acquisition deals that settled in 2013 produced significant monetary returns for shareholders, says a new study by Cornerstone Research Inc.

    Just two lawsuits received settlements of more than $5 million in M&A transactions valued at more than $100 million, according to the study, “Settlements of Shareholder Litigation Involving Mergers and Acquisitions, Review of 2013 M&A Litigation,” released Monday by the Boston-based financial consulting firm.

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