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Blackstone Group should be bought
2008-01-29 04:52:00 Blackstone Group (BX), which went public at around $30 per share just last summer, is now selling for less than $20. Mr. Blackstone himself bought some shares last week. I think that at these levels, BX is a buy. Incidentally, with interest rates low and going lower, and company valuations 15% lower than they were last summer, I suspect we will start seeing M&A activity pick up soon. Case in point - CME's acquisition of Nymex announced today. -- Faisal LaljeeFull Disclosure: I do not own BK but my position can change anytime without notice.Related Stories:Trading Volumes and Volatility will boost Chicago MercNasdaq Needs to Get a LifeInternational Securities Exchange Flies Under the RadarTop 10 US Stocks to Buy Now
The Blackstone Group (BX) Posts 3Q Loss
2007-11-12 19:49:00 Blackstone Group LP President and Chief Operating Officer Hamilton James said Monday the slumping private-equity market might not fully rebound until major Wall Street banks get a better handle on the credit crisis."The mortgage black hole is worsening...it is deeper, darker, scarier than what the banks originally thought," he told analysts during a conference call. "My sense is they don't have a clear picture of how this will play out, and their confidence is low."James said the banks -- pressured by massive writedowns from losses linked to subprime mortgages - will keep lending standards tight for the time being. He believes the market for leveraged loans, which buyout funds use to finance deals, appears to be picking up after a crippling summer.Blackstone's third-quarter loss was pinned on charges related to its initial public offering and lower real-estate fees. The buyout shop posted losses of $113.2 million, or 44 cents per share, which included the impact of $802.6 million ...
By: Jim Cramer Blog
India the New Hot Spot for Global Private Equity
2007-11-03 16:38:00 By Vipin Agnihotri Thanks to increasing consumer market and economic boom in India, the action in private equity space is increasing with every passing day. Therefore, I was not at all surprised when one of my colleagues said to me that private equity funds are queuing up to enter India (By the way, another source for private equity news that we subscribe to is the VC Circle). Point to be noted here is that Blackstone India and Apax Partners, which started investing in India this year, already have full-fledged offices here. Same is the case with Baird Private Equity and Lehman Brothers. What?s more, Deloitte Touche Tohmatsu India has also set up a dedicated private equity practice called Deloitte Corporate Finance Services India. According to sources, two more big names from the Private Equity scene, both having expertise in leveraged buyouts, namely Kohlberg Kravis Roberts & Co and Cerebrus Capital are setting up shop in India even though buyouts are not that famous in...
By: The India Street
Blackstone group will enter real estate business through Nagarjuna constn
2007-09-23 20:41:00 *Nagarjuna Construction: BUY * ** ** ** ** ** ** ** ** Investors with a 3-5 year perspective can consider taking exposure to the Nagarjuna Construction stock. Expansion into high margin segments, higher net worth that would help bid for larger sized projects and the traction gained by subsidiaries in the real estate and BOT segments, augur well for the company’s earnings growth. ...
Blackstone group will enter real estate business through Nagarjuna constn
2007-09-19 09:41:00 Nagarjuna Construction =The Company in consortium with M/s. POSCO E & C of South Korea has bagged an EPC Contract valued at Rs 1,558 crores from Steel Authority of India Ltd for IISCO Steel Plant at Burnpur, West Bengal. The Project comprises of setting up of Blast Furnace Complex to be completed over a period ...
Hot Stocks to Watch Tomorrow
2007-08-26 23:51:00 Here are 7 stocks for traders for Monday from TradingMarkets.com:On Friday, Gap (NYSE:GPS - News) rose 5% after announcing that Q2 profit rose 19% from the year before. GPS's PowerRating (for Traders) is 4.American Woodmark (NasdaqGS:AMWD - News) gained 7% on Friday, after the company increased its dividend and initiated a $100 million stock buyback. AMWD's PowerRating (for Traders) is 4.Recent IPO Blackstone (NYSE:BX - News) announced that a proposed tax bill legislation currently in the Senate would triple the private-equity firm's yearly taxes. BX does not have a PowerRating (for Traders) due to a short trading history.Computer Sciences (NYSE:CSC - News) reports quarterly earnings on Monday after the close, with analysts looking for $0.71 EPS. CSC's PowerRating (for Traders) is 4.Shanda Interactive (NasdaqGS:SNDA - News) should report $0.36 EPS after the bell on Monday. SNDA's PowerRating (for Traders) is 4.CDC Corporation (NasdaqGM:CHINA - News) and China Medical Technologi...
By: Jim Cramer Blog
Blackstone Group (BX) Net Income Triples
2007-08-13 18:04:00 Private equity firm Blackstone Group (NYSE:BX - News) said on Monday that second-quarter net income more than tripled, boosted by merger and real estate deals, sending its units up nearly 8 percent.Revenue also tripled, but missed Wall Street expectations in Blackstone's first earnings report as a publicly traded company.Net income jumped to $774.4 million from $224.1 million a year earlier.Excluding amortization, goodwill and other noncash charges, earnings rose to 46 cents a unit from 11 cents. Analysts on average had expected 40 cents, according to Reuters Estimates.A symbol of American super-wealth amid a global mergers and acquisitions boom, Blackstone raised net proceeds of about $7.5 billion from its initial public offering in late June. But deal activity has slowed considerably since then.
By: Jim Cramer Blog
The Blackstone Group (BX) Buys Hilton Hotels (HLT)
2007-07-05 14:18:00 Fresh off a $4.1 billion initial public offering, private-equity house Blackstone Group solidified its position as a power to reckon with on Wall Street with a multibillion dollar deal that gives the...
By: Jim Cramer Blog
Blackstone Group LP (BX) Stock Falls 8 Percent
2007-06-26 05:31:00 Units of Blackstone Group LP (NYSE:BX - News) fell nearly 8 percent on Monday due in part to concerns about the private equity firm's lofty valuation following its highly publicized market debut last...
By: Jim Cramer Blog
Blackstone Group LP initial public offering
2007-06-21 23:02:00 Tonight Blackstone’s offering is scheduled to price. There are been a lot of discussing about Blackstone’s IPO the last couple of weeks, specifically regarding the tax structure involved in the offering. There are two U.S. lawmakers that have asked the SEC to postpone the offering until Congress holds hearings about it. However, the SEC can only block ...
Blackstone Congress To Blackstone Group - Stop and Pay the Taxman
2007-06-15 14:43:00 The Blackstone Group, one of the largest and most successful hedge fund partnerships, is facing a serious roadblock in their attempt to go public. Two weeks after announcing their IPO, Congress is waving the red flag and saying, “Not so fast boys, we want our money.” See, as a private partnership, Blackstone Group fund is taxed ... |
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