The Blackstone Group L.P. (BX)

Tastylunch (99.68) Submitted: 5/18/08 2:28 AM : Start Price: $18.20 BX Score: 15.20

Let's see Blackstone, Blackstone, Blackstone.... Oh now I remember, it's been so long you see since I actually thought about them beinga good investment opportunity. AH yes they are Screwed aren't they?.

They may offer a lot services..."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." ....but nobody wants any of them in this unusual credit environment.

Q1 was not so hot for Blackstone perhaps it's a little tough to do leveraged buyouts without easy leverage? maybe perhaps?
"says it lost $251 million, or 97 cents per common unit, during the first quarter. Blackstone earned $1.13 billion a year ago."
ouch
http://www.fool.com/news/associated-press/2008/05/15/blackstone-posts-1q-loss-on-weakening-markets.aspx

I'll freely admit I don't know what a mezzanine fund is. I'm assuming it's better than a lobby fund but less good than a penthouse fund.

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