the Contrary Investor

August 13, 2007

BX UPDATE (08/13/2007):

Filed under: Blackstone,Short — contraryinvestor @ 11:35 pm

bear-attacks.jpg“Blackstone Group LP, manager of the world’s largest private-equity fund, said second-quarter earnings more than tripled as revenue increased during a record year for leveraged buyouts. Net income was $774 million compared with $224 million a year earlier, New York-based Blackstone said today in its first report as a public company. “

Wow earnings tripled… One would imagine on news like that a stellar name like Blackstone must have gone through the roof, right? But Blackstone rose only +0.43 (+1.70%) on the day, closing at $25.71. EARNINGS TRIPLED and shares only managed to move up 1.7%

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