Blackstone Group (BX) is a leading private equity firm that just went public a couple weeks ago. It is evident that their stock has been going downhill over these times and even went belong its offering price. Some critics say that Blackstone Group went public so that it's principal partners could cash out.
Following Blackstone Group's IPO, other buyout firms like Kolberg Kravis Roberts & Co (KKR) have expressed interest in going public.
Personally I feel the BX would be a wonderful investment, but that's just me. I don't own any shares yet and I am glad I did not buy in to it, but it seems like a good long-term investment, as Blackstone Group has many high quality investments and owns companies that no longer trade publicly. So by investing into Blackstone Group, you can have a diversified interest in its portfolio companies to a certain extent.
These past years, Goldman Sachs, a investment banking firm, has surged rapidly due to their ability to take risk and make money of it by buying stakes into many successful companies such as the Industrial and Commercial Bank of China (ICBC), China's largest bank. The question is: Could Blackstone's stock be the next Goldman?
Furthermore, the Chinese government also invested in a ten (10) percent stake in Blackstone. Is that a good sign? One of the world's most affluent governments buying into it... meaning you should too... As of today, it's stock doesn't seem like it would follow that concept. Perhaps it's overpriced, who knows?
All about ADHD
15 years ago
2 comments:
I don't know much about investing in a falling stock, but I guess it goes to the old adage of 'buy low, sell high'? But if the trend of the stock is a downhill one, how can you actually recover to sell high? :/
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