lOVE MANAGEMENT

Cramer: Keep an Eye on Private Equity: Like Doug Kass says, it's the next shoe to drop, says Jim Cramer.


Click here to watch the video.

From a recent Mad Money show: "The last thing I want to own here is a private equity firm. I also want to sell Fortress Investments (FIG)."

Seymour told viewers to consider the private equity firms like Fortress(FIG) and Blackstone(BX). He believes private equity players will spend money to buy distressed assets in emerging markets.

Blackstone, for instance, values its $25 billion of private-equity investments and $19 billion of real-estate deals each quarter, way before the investments are monetized. The exercise amounts to a self-graded exam about which Blackstone discloses little. Want to know how highly Blackstone now values its original $5 billion stake in Hilton or its $3 billion interest in Freescale? The information isn't publicly available. Blackstone says that investors in its private-equity funds are entitled to it, but that its public shareholders aren't. One big hedge-fund investor calls Blackstone and its peers "uninvestable" because of this glaring -- but legal -- disclosure gap, adding: "I don't see how shareholders can get comfortable owning these companies." One way to remedy that would be for the SEC to mandate more disclosure.

Cramer: Lehman Is a Takeunder: Jim Cramer questions Lehman CEO Richard Fuld's decision making and the terrible effect on the stock.

Click here to watch the video.

Belgians Invade American Beerspace: Dan Dicker and Debra Borchardt lament the sale of Budweiser to the Belgians.


Click here to watch the video.

5/28/2008

Blackstone (BX) was downgraded from Buy to Neutral, Merrill Lynch said. Estimates also cut, to reflect negative private equity return and lower advisory revenue.

dividend and smart guys

Lost $2K in 4 months after IPO

disappointing

nothing but trouble

Beaten to death. Its stock performance has been so bad since its IPO and the CEO and the other top executives all receive excellent compensation for 2007. Their compensation seem not to relate to their performance. I dislike companies like this.

>50% DROP

I thought that they knew what they were doing.

med growth

I pick the stock July, caused the price already half form its IPO, but it's going down ever since

ouch

I HATE BLACKSTONE.

Go drink some cheap Scotch. Withdrawl on your money from the bank and burn your money because thats what BX does to its investors.