Where are the buyers ?
couple more points and it may sink under the IPO price.
Blackstone (BX) keeps sinking.
Started by
ogm
, Jun 25 2007 09:37 AM
2 replies to this topic
#1
ogm
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- Traders-Talk User
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Posted 25 June 2007 - 09:37 AM
7 times oversubscribed, yeah, right Where are the buyers ?
couple more points and it may sink under the IPO price.
Where are the buyers ?
couple more points and it may sink under the IPO price.
#3
ogm
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- Traders-Talk User
- 13,780 posts
Member
Posted 25 June 2007 - 10:18 AM
your point ?
My point is very simple. LBO frenzy coming to an end. There is already about 200 bil worth of deals made, that still yet to find financing. As in the buyout was announced, but there is no money to pay for it yet. And it will be harder and harder for the LBO companies to find financing. Look at BSC imploding. The credit bubble starting to leak.
Edited by ogm, 25 June 2007 - 10:21 AM.
