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$17.20 0.43 (2.56%)
7/8/2008 4:04 PM

The Blackstone Group L.P. (BX)

CAPS Rating:
**

An alternative asset manager Company and its business include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt vehicles, proprietary hedge funds & closed-end mutual funds.

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Avatar matthewdj (< 20) Submitted: 7/09/07 1:34 PM : Outperform Start Price: $30.01 BX Score: -25.77

I guess if you bought this stock at IPO price of 38 then you may have learned your lesson about buying IPOs and trying to make quick cash. Don't badmouth the stock just because you lost $7-10 off the initial offering, that is your own fault. If you buy now you are sure to get back some of that loss. Due to their aggressive acquisitions Blackstone will eventually surpass Berkshire in earnings.

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Avatar TraderMikeSays (< 20) Submitted: 10/23/07 8:32 PM

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Hey! I resemble that; except about the bad-mouthing part. I did buy in on the first day BX went public (a small position, you never know...), and did some cost-averaging down during the correction(s). They seem to know what they're doing, and appear to be a great company to hold for the long term. The analysts reports I have read are calling BX undervalued and expect them to outperform. I haven't considered selling my position, and fully expect it to be worth the wait...

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