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$17.29 0.27 (1.59%)
7/18/2008 4:02 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 ButtSauce (98.75) Submitted: 3/10/08 12:14 PM : Underperform Start Price: $28.96 BX Score: 28.92

Blackstone had no idea the housing arena was going to crater - honest. Their top analysts never saw it coming - really. Now make sure you also pick up VISA's IPO - that way the banks that currently run VISA can get their money out of there and instead replace it with yours, just in time for the credit card market to sag during a recession. Just in time for the drop in revenue, but also to cover the costs of massive lawsuits that are starting to pile up. Am I being cynical? No, because VISA has publicly stated they want the money from the IPO to help pay for growing legal costs, so the money they get form this is not to grow the company, or for R&D, it is to lessen the pain for the inner circle of banks that own this pig. And if you don't personally buy stock in VISA, you needn't worry, because your 401k will buy some and your index funds will have to pick some up as well.

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Avatar awallejr (< 20) Submitted: 5/06/08 12:16 AM

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Been hearing this about Visa since it went public. I kept listening and held off. The stock is now over 85.

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