Blackstone's huge cash
Can anybody explain this please, Blackstone has approximately 29 billion in cash but the company's current market cap is about 4 billion...does this make sense??
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Well, to start off, it's mainly OPM, right? Their dry powder is "other people's money," the money of institutional investors who are investing in Blackstone?
ahhhhh ok thank you, now that makes sense...so this is off the balance sheet?
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Deleted; posted in reply to a dead thread that got bumped for some reason
MMmonkey has been going around deleting all his replies, replacing with a ".", and so bumping loads of threads.
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