Blackstone Group should be bought
Blackstone Group (BX), which went public at around $30 per share just last summer, is now selling for less than $20. Mr. Blackstone himself bought some shares last week. I think that at these levels, BX is a buy. Incidentally, with interest rates low and going lower, and company valuations 15% lower than they were last summer, I suspect we will start seeing M&A activity pick up soon. Case in point – CME’s acquisition of Nymex announced today.
– Faisal Laljee
Full Disclosure: I do not own BK but my position can change anytime without notice.
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