Blackstone Q1 posts

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Blackstone's stock is 'dimwitted' no more

When the Blackstone Group (NYSE: BX) reported its Q4 results, the company's CEO, Stephen Schwarzman, said that the stock price was "dimwitted." Well, since then, the stock price has surged from $4.87 to $13.44

What happened? Perhaps it's the fact that the financial system has stabilized.

But, if you take a look at the Q1 results (announced yesterday) for Blackstone, things still look ugly. In fact, on the conference call, President Tony James gave a particularly negative view on the economy. For the most part, it looks like it will take a long while to get things back on track.

Continue reading Blackstone's stock is 'dimwitted' no more

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Last updated: February 12, 2012: 04:00 AM

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