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April 30, 2024
9 Free Financial Modeling Lessons
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No, it would scare me if he didn't. Do you think Schwartzman gave up some of his stake because he's a nice guy and really wanted to share some of their profits with you and the rest of the plebes... or no,no, it was because they desperately needed financing because they are struggling so?
Ever check out the tombstone and see how many banks underwrote Blackstone? No one needs 17 underwritters. Yes, I said 17. Even wonder why? Cause no one is going to bitch about their astronomical PE if they are involved in the deal. Say it with me - market top.
Now doesn't that feel better.
Hop on the bandwagon, I tried to short day one but no one had written any puts yet or had shares available to borrow.
What do you mean?
They had 17 banks underwrite the deal. Most have 3-5. If a bank is an underwritter in a deal then they don't speak publicly about how they think the company is overvalued. That is called a conflict of interest.
In case people aren't paying attention in all the iPhone euphoria, other things are going on in financial markets. Among them, Blackstone broke through its IPO pricing this week, tumbling to a Friday close of $29.27, and the stock losing 11.5% in the last five trading days.
http://paul.kedrosky.com/archives/2007/06/30/bad_week_for_bl.html
Icahn strikes again!
Ichan is the epitomy of form over substance. Ever since the whole Blockbuster debacle, l have lost all respect for the man.
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