Fortress Investment Group LLC (NYSE:FIG)
Raise,invest,manage pvt equity & hedge funds etc.
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Overrated. High risk.
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FIG is probably overpriced, but it is due for a bounce.
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Massively overvalued hedge fund. Trading at approximately 30x earnings, which leaves little room for error. They are paid on % of assets and % of gains. When gains disappear(everyone loses every once in a while), investors bail, profits dry up, and the stock tanks. No track record to justify their price.
Recs
Will do very well as long as they retain their talent. Keep the current litigation and proposals regarding hedge fund scrutiny on the radar
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i see this as a play on something that there is a limited supply of - in this case only FIG! a publicly traded hedge fund - if you want one this is it - i see a run to 50 on pure hype - kinda like ethanol right now - what a lie that craze is!!!!
Recs
might hurt my score a bit for now but i believe a good pick long-term.
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first ever hedge fund IPO...should continue to be a barn-burner.
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