Tuesday, November 13, 2007

Blackstone Quarterly Loss

Blackstone Group reported a $113.2 million third-quarter loss on charges related to its initial public offering and lower real estate fees, sending shares down more than 8%. It was Blackstone's first full quarter operating as a public company. Blackstone's stock is down about 39% since the firm went public. Shares closed yesterday at $22.26, down $2.02.
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1 comment:

  1. ALD8:44 PM

    I think Blackstone might actually be a buy now.

    ReplyDelete

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