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Gates/Blackstone $500 million IPO Filing
http://www.nasdaq.com/article/global-industrial-manufacturer-gates-industrial-files-for-a-100-million-ipo-cm897507
Let the BX IPO Filing floodgate open!!!!
bx and tax reform?
isn't bx UNDERVALUED here with tax reform on cusp of passage?
btw, i really love my angus and standard Gibson guitars!!! the tv yellow gary clark gibson will really complete and round-out the Gibson set along with the SRV signature fender strat in the stable!!!
RAVE ON!
I think she's a real beaut! gotta have her!...
and Mr. Gary Clark Jr. really makes her sing & purr so purdy from Austin.
Enjoyed his, Jimmie Vaughan's and Eric's music at Eric's 70th b-day at MSG a short while back.
RAVE ON!!!
Les Paul & Angus are proud of GSO's extension...I may need to buy a Gary Clark Gibson to help!!! Please do the same this Holiday Season! RAVE ON!!! as in Stevie SRV!!!
*DJ Guitar Maker Gibson Makes Deal With GSO Capital Partners on Loan Payment
Dec 08, 2017 15:30:00 (ET)
By Soma Biswas
Famed guitar maker Gibson Brands, Inc. has reached another deal with lender GSO Capital Partners to push back a loan payment by a couple of weeks ahead of the crucial holiday selling season, according to people familiar with the matter.
GSO, the lending arm of private-equity firm Blackstone Group, pushed back the due date on a $5 million amortization payment by two weeks to Dec. 15, according to the people. At the same time, GSO waived a covenant breach tied to a minimum level of earnings before interest, taxes, depreciation and amortization for October, the people said.
GSO loaned Gibson $130 million in February after the struggling guitar maker's previous lender called its asset-based revolving loan when the company violated a debt covenant. The company is also facing a $375 million bond maturity in August 2018.
A GSO spokesperson declined to comment.
While Gibson is operating under tight liquidity currently, Christmas is its biggest selling season and historically its cash flows jump during that time.
GSO reached another arrangement with Gibson to facilitate a second loan payment by adding $6.65 million to its $70 million domestic loan to the company, and allowing Gibson to use the proceeds to make a payment due on its $60 million international loan.
Two weeks ago, the company posted improved results for the third quarter ended in September, with revenue on musical instruments up roughly 7% to $75 million, one of the people said. Overall sales declined 15% to $239 million, however, because of a sharp decline in the electronics side of the business, the person said. The company's Ebitda increased about 3.5% to over $19 million.
Moody's Investors Service downgraded the company's debt further into junk level in August, saying its capital structure is unsustainable.
Henry Juszkiewicz, owner of Gibson Brands, took the company in a new direction in recent years by acquiring home entertainment and audio equipment makers around the world, and piling on debt doing so.
In 2013, the Nashville-based company changed its name from Gibson Guitars to Gibson Brands. Among businesses the company has added are some of Royal Phillips' home entertainment systems, TEAC and Onkyo stereos.
Gibson, manufacturer of the iconic Les Paul electric guitar, also makes instruments under a number of brand names including Epiphone, Kramer and Tobias. The company also owns a number of historic brands, including Slingerland drums and Wurlitzer pianos.
Write to Soma Biswas at soma.biswas@wsj.com
(END) Dow Jones Newswires
December 08, 2017 15:30 ET (20:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Blackstone University Develops It's Talent In-House
https://www.bloomberg.com/news/articles/2017-12-07/goldman-blackrock-and-blackstone-will-they-still-rule-wall-street-in-10-years
;)
bx's new smaller-institutions & individuals focus
https://www.blackstone.com/investors/smaller-institutions-an...
watched the joan solotar interview live on cnbc...interesting then thought to check blackstone.com (see link above)!
she envisions this new BX SII segment materially (by 50% I think she quoted) increasing aum and accordingly ENI, DE & the Distribution. I was thinking this new segment might have been rolled out later as a safer IRA vehicle (helping to save social security)championed by Tony James but this earlier roll-out gets us market awareness and a track record for any such future IRA implementations. Q4 for this new segment will be interesting for actual and projected #'s.
bottom line, blackstone is still a bargain here. ajimhothough. gl
Yeah down 10 percent in 2 weeks turning into a POS
bx and looming ge asset sales
imho bx should load up the boat on ge's divestitures...clearly though, at fire sale prices ONLY.
$34.50 very soon. Stay long, never sell this beast, especially short is just plain insane. I am bullish.
The Blackstone Grp. (BX)
31.61 ? -0.01 (-0.03%)
Volume: 1,367,473 @ 5:14:28 PM EDT ET
Bid Ask Day's Range
- - 31.41 - 31.7314
BX Detailed Quote
Blackstone (NYSE:BX) today announced that Kelley Morrell will join Blackstone as a Managing Director and Head of Asset Management for its Tactical Opportunities business. In that role, she will be responsible for ongoing management and oversight of the group's investment portfolio, and creating and driving added-value initiatives alongside the investment team.
Morrell joins Blackstone from CIT, a financial holding company with more than $50 billion in assets, where she served as Executive Vice President and Chief Strategy Officer. At CIT, Morrell helped shape the company's strategic direction following its emergence from bankruptcy, and led numerous strategic transactions that contributed to CIT's transformation to a bank. Prior to that, Morrell served as senior director of the U.S. Treasury's Automotive Industry Financing Program during the Obama Administration, where she had primary responsibility of overseeing the taxpayer's investments in Chrysler Financial and Chrysler Group. Morrell graduated magna cum laude from Harvard College and received her MBA with distinction from Harvard Business School.
David Blitzer, Global Head of Blackstone's Tactical Opportunities group, said: "We are excited to have Kelley join Blackstone. She has a strong track record of successfully managing complex situations with various stakeholders across multiple industries. We look forward to her delivering that expertise and judgment to our portfolio."
Kelley Morrell added: "I am thrilled to have the opportunity to join Blackstone Tactical Opportunities. It's an innovative strategy with a diverse and differentiated portfolio of investments, and I am looking forward to leading the group's asset management effort for the benefit of our investors."
About Blackstone:
Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $370 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
About Tactical Opportunities:
Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. As part of the strategy, the team leverages the intellectual capital across Blackstone's various businesses while continuously optimizing its approach in the face of ever-changing market condition
i really like 'Blackstone Group (BX)'
UP is good :)
BX News: Statement of Changes in Beneficial Ownership (4) 05/26/2017 06:02:20 PM
BX News: Blackstone Reaches 50,000 American Military Veterans Hiring Target Ahead of Schedule; Commits to New, Additional 50,000 Veter... 05/25/2017 01:55:00 PM
BX News: CF Corporation to Acquire Fidelity & Guaranty Life in Transformative All-Cash Transaction Valued at $1.835 Billion 05/24/2017 06:00:00 AM
BX News: Blackstone Mortgage Trust Announces Full Exercise Of Underwriters' Over-Allotment Option And Issuance Of Additional Convertib... 05/23/2017 05:00:00 PM
BX News: Form 13f Holdings Report (13f-hr) 05/15/2017 05:25:01 PM
The Blackstone Grp. (BX)
32.6649 ? -0.1951 (-0.59%)
Volume: 1,921,810 @ 11:26:19 AM ET
Bid Ask Day's Range
- - 32.36 - 33.08
BX Detailed Quote
i sawer this. saudi deal/ 'Blackstone Group (BX)'
Nothing like weekend news to make Monday VERY pleasant. Thanks Donald!
Nice pop. Your DD is best in the business
Dragon Challenge - Bush Gardens, Orlando, FL
The ride was themed to two dueling dragons, with one track named Ice and the other named Fire.
https://en.wikipedia.org/wiki/Dragon_Challenge
I have been adding on the retrace.
Perfectly comfortable at these levels
Full Agreement , I have been all over these since last year. Squeeze soon it appears.
Float of 2.07% with $1.12 Billion sitting short.
You think I can snag this around $28 on a pullback or should I grab it now before it heads higher?
This is a great total return stock.
Agreed. It is looking ready now. BX
BX should move up on the Anadarko deal in Texas. The target price here is $60 which makes this a double your money investment.
I just trade the chart my friend. BX chart looking bearish and the option activities confirms it. I mean why would you buy something thats under every moving average? I don't claim to be an expert by any stretch but you can probably get it a buck or two cheaper. PUT's are still being bought. I think largely because there is NTB, so most can't short the stock. JMHO
Eye-Catching Stocks $BX Blackstone Group, (NYSE:BX) http://www.newsismoney.com/2016/10/17/eye-catching-stocks-amyris-nasdaqamrs-blackstone-group-nysebx/
I been following the option activity for BX. Lots of NOV PUT's being bought, verses low open interest. Earnings on 10/27, options expire after earnings. GLTU
I agree! at lest I got my average down to 22.80 today
Hopefully we can close green today. The pps is way to low here
Soaked up some shares under 25.00 yesterday hope for another chance
BX nice close above the 50ma
$PJT Following the spinoff from Blackstone, PJT now has 39.2 million fully-diluted shares outstanding. Of these shares, 15.4 million shares are "in float" or available for trading.
Over the past two years, PJT has grown revenues from $355 million in 2012 to $401 million in 2014.
This year is expected to be a consolidation year as the firm focuses on separating from Blackstone and building it's own independent business.
In 2016, PJT expects to resume revenue growth through building relationships and the synergies between its different business lines, while keeping expenses relatively in-line with 2015 levels.
Has anyone noticed what has happened after the last 3 death crosses ? Every time $$$$$$$ Imo
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FIRM PROFILE
Blackstone is one of the world's leading investment and advisory firms. We seek to create positive economic impact and long-term value
for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment
of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds,
real estate funds, hedge fund solutions, credit oriented funds and publicly-traded closed-end mutual funds. The Blackstone Group also provides
various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement service.
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