NASDAQ, AMEX, NYSE Stocks Discuss BX - The Blackstone Group L.P. in the Stock Market Forum forums; Noticed there was no BX thread in the new forum, gotta have it: BX on Google Finance Chart IPO end of June 2007. Price went pretty much straight down but ...

**BadThad** · #1 07-17-2007, 12:08 PM

Noticed there was no BX thread in the new forum, gotta have it:

BX on Google Finance

Chart

IPO end of June 2007. Price went pretty much straight down but this is a damn good company. It will be back and any savy investor should be watching for the bottom. ;)

Quote:

The Blackstone Group L.P. is a global alternative asset manager and provider of financial advisory services. The Company is an independent alternative asset manager with approximately $78.7 billion worth of assets under management as of March 1, 2007. Its alternative asset management businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt vehicles, proprietary hedge funds and closed-end mutual funds. It also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services. The Company's business is organized into four business segments: Corporate Private Equity, Real Estate, Marketable Alternative Asset Management and Financial Advisory.

Today's Price: $29.50

**BadThad** · #2 07-23-2007, 02:31 PM

News out today:

Quote:

Blackstone does matchmaking in Barclays-China deal
1:07p ET July 23, 2007 (MarketWatch)
NEW YORK (MarketWatch) -- Blackstone Group finds itself at the center of another blockbuster deal, but in this case it's neither buying nor selling.

The newly public private-equity firm is advising China Development Bank in its deal to buy an up to 19% stake in Barclays PLC . The deal is likely to raise eyebrows on Wall Street, given the Chinese government's $3 billion investment in Blackstone earlier this year.

China Development Bank will invest 2.2 billion euros -- equivalent to around 3.1% of Barclays -- in new Barclays shares at 720 pence each. If Barclays' bid for ABN Amro bid succeeds, it will invest up to another 7.6 billion euros at 740 pence a share. See related story.

Blackstone provided a fairness opinion along with standard-advisory services to the CDB at the recommendation of Barclays. Barclays and CDB have a long-standing relationship, including a joint venture in Africa.

CDB bankers, at first, flinched at the idea of Blackstone's involvement since they thought the company was purely a private-equity firm, according to a person familiar with the talks. When informed that Blackstone also offered advisory services, CDB officials were introduced to John Studzinski, head of the advisory arm at Blackstone, the person said.

Studzinski is the former co-head of investment banking at HSBC Holding and a former head of European investment banking for Morgan Stanley.

Many advisers have signed on with partners in the battle for ABN Amro. Barclays is being advised by its capital-markets unit as well as by Citigroup Inc. , Credit Suisse , Deutsche Bank , JPMorgan Cazenove and Lazard Ltd.

Growing Chinese presence

Blackstone's ambitions in China took a big leap forward in January when the firm opened a private-equity office in Hong Kong. At about the same time, Blackstone hired former Hong Kong's former financial secretary, Antony Leung, as a senior managing director.

The role in the Barclays deal highlights what is an often-overlooked part of Blackstone's business: financial-advisory services. The unit as of May 1 had 167 employees and offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York and San Francisco, as well as London.

Financial-advisory services have been part of the business offerings of Blackstone since its founding in 1985. The unit had advised on $275 billion in deals in the two decades since. Clients have included Albertsons, Comcast Corp. , Fox Entertainment Group, Kinder Morgan , Microsoft Corp. , Procter & Gamble Co. , Reuters and Sony Corp.

**BadThad** · #3 07-26-2007, 02:53 PM

News today:

Quote:

Blackstone said to flip EOP properties
The private equity firm has earned back more than 70% of what it paid for the real estate empire, Wall Street Journal says.
July 26 2007: 4:25 AM EDT

LONDON (CNNMoney.com) -- Blackstone Group has sold off many of the buildings owned by Equity Office Properties Trust and earned back more than 70 percent of the $39 billion it paid for the real estate empire, according to a report published Thursday.

The Wall Street Journal said Blackstone has sold several of the properties since it bought EOP five months ago, and many of those buildings have sold at record prices amid a boom in the commercial real estate market.

The impact of the high-price sales, which occurred at a rapid price, is still coursing through the real estate market, the newspaper said.

Blackstone (Charts) bought real estate tycoon Sam Zell's EOP in February after winning a fierce bidding war with Vornado Realty Trust (Charts).

BX still down more today: $23.75

**BadThad** · #4 07-30-2007, 01:59 PM

Billed today in a news article as the WORST IPO of the year, falling into nothingville since it's intro. I'm wondering if they will be able to recover ever?

**BadThad** · #5 08-06-2007, 11:07 AM

Still on the down trend today...watching close!

**BadThad** · #6 09-10-2007, 12:16 PM

OK, this is insane.....

Anyone want to guess where the low for BX is going to be. All it's done is go down, down and then down some more. Come on, this is a company with over a billion $ in sales quarterly. The P/E is completely WHACK: 1.48

Somebody please chime in on this! I just don't get it at this point. :confused:

C-Money · #7 09-25-2007, 03:37 PM

Quote:

Originally Posted by BadThad

OK, this is insane.....

Anyone want to guess where the low for BX is going to be. All it's done is go down, down and then down some more. Come on, this is a company with over a billion $ in sales quarterly. The P/E is completely WHACK: 1.48

Somebody please chime in on this! I just don't get it at this point. :confused:

Im right there with ya, Thad. Ive been watching this awhile, and I've been DUMBFOUNDED at how LOW this thing is going! One thing is for sure, I will be buying in once it finally hits rock bottom..

By the way, I appreciate the information that you have given on this..

**BadThad** · #8 09-26-2007, 09:24 AM

Quote:

Originally Posted by C-Money

Im right there with ya, Thad. Ive been watching this awhile, and I've been DUMBFOUNDED at how LOW this thing is going! One thing is for sure, I will be buying in once it finally hits rock bottom..

By the way, I appreciate the information that you have given on this..

Finally....another BX watcher! :D Welcome to me talking to myself for weeks! LOL I'm going to buy this stock, just watching and watching because over the next 10 years BX is going to go up, up, up IMO.

**BadThad** · #9 09-26-2007, 11:31 AM

Just did a little DD on BX, the actual PE is 1.69! This stock is soooooo undervalued it's not funny. The biggest issue we're facing with the stock now is their subprime exposure. I'm not sure how bad it is for them, but I fear we won't see the rocketing PPS until the subprime worries disappear. Nonetheless, I'm very, very bullish on BX. I think now is a great time to buy, it's just going to take a couple of years before it's a valuable investment.

**BadThad** · #10 09-26-2007, 02:07 PM

Did some more DD digging....I'm buying BX, the consensus is BX is a fantastic company and the stock price is a super, super bargin. Here's an example of stuff I was finding:

Blackstone among world's best companies