blackstone stocks - would they ever gain back to its IPO value?
Niesha asks:
The current value is less than 50% of the IPO. I am interested in recovering from this unexpectedly large loss(A few thousands). Would it go down futher? Is there any hope for recovering the investment? How long?
Any suggestions are appreciated.
I mean blackstone (BX) on the market. I am trying to minimize losses of few thousand dollars to move on.
The current value is less than 50% of the IPO. I am interested in recovering from this unexpectedly large loss(A few thousands). Would it go down futher? Is there any hope for recovering the investment? How long?
Any suggestions are appreciated.
I mean blackstone (BX) on the market. I am trying to minimize losses of few thousand dollars to move on.
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Blackstone (BX)??
As in investment group they are probably down just like every other investment group in the financial sector. It doesn’t seem like they are going to rebound anytime soon either, the market is bad, growth slow.. a good investment group would spend the time now to get in to quality stocks that’s been beaten down.
if you trust the management i’d say wait till more financials report earning. Goldman Sach is going to report this month. I wouldnt get in Blackstone right now until I see how other firms are doing this quarter.
but in a long run, if blackstone invest in the right place this year you should get in and make some money in the long run.
check what they invest in what their holdings are
Nothing worse than an IPO gone bad for investors.
Private equity firms are not the rage they once were. And neither are many of the other convoluted financial deals that this company likes to get involved in. But the company is sound (I think. Sort of hard to tell these days with companies involved in finances). Give it about 3-5 years and things might be back to normal.
Your big mistake was jumping in on an overvalued IPO. Of course hind sight is much better than foresight.
Why should it “recover”? It was never worth the IPO price.
Remember: nobody on the selling side has any interest in having the IPO price related to what the company is worth. The IPO price is the highest price the underwriters think they can squeeze out of the public and get rid of all the stock. The higher the price, the more cash to the sellers and more fees for the underwriters.
Also: some of the smartest money people on Wall Street were the partners running Blackstone. They saw that their own business was going to take a dive so they cashed out. This was no secret. After all, if the prospects for the future of Blackstone were good, they could have stayed as a partnership and split all the profits among themselves.
Sell it and move on to something else.