Saturday, August 11, 2007

Unlucky Blackstone: Just about the worst timing for a float you ever saw

Blackstone, Fortress: Time to bargain hunt?

Wall Street is a big cheerleader of the two firms, but scooping up shares of these companies is a risky proposition. What a difference a few months can make. Turmoil in the credit markets has turned off everyday investors from risk in general and taken a toll on stocks in the financial sector. Analysts are upbeat on the long-term prospects of Fortress Investment Group (yellow) and Blackstone Group (blue), but the stocks could have further to fall.

Posted by lvmreader @ 03:28 AM (396 views)
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