Buy Blackstone Group While It's Still Cheap [View article]
Failed Orbitz IPO? <blockquote> <b>Investors Turn Up Noses At Blackstone's Orbitz</b>
Weaker-than-expected demand for Orbitz shares meant the IPO priced below the anticipated range of $16 to $18 a share, set by Morgan Stanley and Goldman Sachs Group Inc.
IPO analysts warned investors of red flags, noting Orbitz's precarious financial position and the fact it won't retain any of its IPO proceeds.
"Orbitz went public with a weak income statement," said Francis Gaskins, president of research site IPODesktop.com. "Typically you would have thought they [Blackstone] would have waited for the income statement to get better." </blockquote>
Under The Radar News - Wednesday [View article]
Under The Radar News - Wednesday [View article]
Buy Blackstone Group While It's Still Cheap [View article]
<blockquote>
<b>Investors Turn Up Noses At Blackstone's Orbitz</b>
Weaker-than-expected demand for Orbitz shares meant the IPO priced below the anticipated range of $16 to $18 a share, set by Morgan Stanley and Goldman Sachs Group Inc.
IPO analysts warned investors of red flags, noting Orbitz's precarious financial position and the fact it won't retain any of its IPO proceeds.
"Orbitz went public with a weak income statement," said Francis Gaskins, president of research site IPODesktop.com. "Typically you would have thought they [Blackstone] would have waited for the income statement to get better."
</blockquote>
Source:
online.wsj.com/article...