Blackstone: The Stock Buyback Which Isn't [View article]
It does not matter much which entity does the buying. If I want some BX shares, there is no shortage. If the partners want to use their money to purchase a bigger piece of the company, good for me also. I don't own it. But I would not consider this purchase a signal to sell it. Maybe those partners know more about what it is worth than FS does? And here I'd read somewhere that "insider buying" was supposed to be a good thing.
Blackstone: The Stock Buyback Which Isn't [View article]
If I want some BX shares, there is no shortage.
If the partners want to use their money to purchase a bigger piece of the company, good for me also.
I don't own it. But I would not consider this purchase a signal to sell it. Maybe those partners know more about what it is worth than FS does? And here I'd read somewhere that "insider buying" was supposed to be a good thing.