Blackstone Inc (BX)

[lady*b]

Hi Jen,

First, and a bit off topic-sorry BX board- (I'll be adding it onto the IPO board this weekend).....I pulled up the preliminary documents for you on what everyone is waiting for....


FILES
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001403161&owner=include&c....

You can at least look at the S4 and it's ammendments thus far, as well as some 425's ....

Next up, BX......

There is a mounting pile of conflicting information out there,horrible press, mass market fluctuation since it's debut and fwiw, not too many brokers will "recommend" IPO's as they can be as volatile as pennies. They are high risk, especially when you aren't purchasing in the primary market on it's offer price.

To be perfectly honest, I'm giving myself 12-18 months here (which is very long for me to want to ever hold anything, although sometimes I've not wanted to hold and have due to circumstance, lol) before I decide if I leave the shares to my kids, take a profit or sell and move on. This one is a "crock pot" stock. LOL

Here is a GREAT excerpt that sums up, so profoundly some of the ideals I share in Blackstone:

Unless, that is, Blackstone's stock turns out to be a good investment. Kinsley is dismissive of this possibility:

The consensus in the business world seems to be that Schwarzman and his colleagues may be selling full-price tickets to a ball game in the ninth inning, as the stock market fizzles out. These private-equity types are not in the habit of selling at the bottom.

Short-term, I'd say he's right. The Goldman Sachs IPO, which bears a lot of similarities to Blackstone's, happened in 1999, not long before the market tanked. But since then Goldman's stock price has tripled. And mutual fund company Eaton Vance was the best performing stock of the quarter century starting in 1980. Investors in Eaton Vance stock did dramatically better than investors in its mutual funds.
http://time-blog.com/curious_capitalist/2007/03/the_connection_between_blackst.html

It's somewhat rare that I post on the stock specific boards, and I am very proud to own BX, and you should feel patient and confident in the same.

Very basic fundamental analysis and history involved in this company proves to me that it's target is growth, and it
meets it every time. This is only a rough start to a very good company in a very shakey market. Let's get thru an election soon and see where it stands. You've got a great position here, Jen, and it's smart to be cautious. I am personally excited to see how it shifts when the Hilton dust settles and the debts are covered there. This is the Biggest Hotel deal in history. Add that to Blackstones nearly 100 billion in acquisitions in the past 5 years..........

sometimes you've got to have the Buffet mentality.......

This is one of those times, imho.

When your favorite company is tanking, and you know it's good-
and you're the only one in the room smiling.....you've got some Warren in ya, lol.

Here are some of the figures pulled from the web tonight (below)...
I'll shop around some other sites as well for you.

-Bridge

PS- Showing a P/E of 1.9

NELSON'S CONSENSUS RATING: Buy
Rating as of 8/17/2007
Number of Strong Buys 3 37.5%

Number of Buys 4 50.0%
Number of Holds 1 12.5%
Number of Underperforms 0 0.0%
Number of Sells 0 0.0%
Qtr EPS Estimate ($/shr) $0.33
FY EPS Estimate ($/shr) $1.61
Next FY EPS Estimate ($/shr) $1.76

***Here we can compare it to the Industry, and the S&P

---------------BX--- Industry--- S&P500
Price/Earnings 1.9 --- 16.9 --- 20.7
+ +
Price/Book Value 1.3 --- 3.5 --- 4.5
+ +
Dividend Yield% 0.0--- 1.2--- 2.2
- -
5yr EPS Growth Rate(%) -- 26.5--- 22.1

Growth Consistency -- ---24.0 --- 27.3

Return on Equity(%) 49.7 --- 20.2 --- 25.7