MattMaroon.com

As someone who considers capitalism his primary spectator sport, I watch the goings on amongst private equity firms with interest. Not because I have anywhere near enough money that any of them would meet with me if I were interested in participating, but because, well, it’s kinda fun. You enjoy football, I enjoy mergers and acquisitions. The only difference is that one day, I might make some money off of mine.

Anyway, one of the bigger firms, Blackstone Group, boggled my mind not too long ago by filing for an IPO. A private equity group, that uses private money to buy public companies and take them private in hopes of fixing them up and taking them public again, is about to go public. I’m not really sure because most of my physics knowledge comes from the Back to the Future trilogy and a really bad Jean-Claude Van Damme movie called Timecop, but I’m pretty sure they could tear a hole in the space-time continuum with this one. So I’m going to have downgrade that one from a “Buy” rating to a “Don’t Buy Because It Might Unravel The Fabric Of The Universe.”

This entry was posted on May 21, 2007 at 2:52 pm and is filed under bidness . You can follow any responses to this entry through the RSS 2.0 feed Both comments and pings are currently closed.