Matt explains that 3 of Blackstone’s 4 main businesses will be reporting 300% revenue growth. On a related note, he adds that Blackstone’s biggest frustration this year has been getting outbid on some deals.
Eric Bolling tells the panel, he thinks some of those deals were shaky credit deals.
Pete Najarian feels the Blackstone IPO was overpriced. But down at this level, Pete is starting to like this stock.
Jeff Macke doesn’t understand why BX is a public company.
Dylan Ratigan explains that Fortress Investment Group (FIG), the first hedge fund to trade publicly in the US, jumped 8% before earnings Tuesday.
Guy Adami tells the panel he doesn’t like Fortress stock.
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Trader disclosure: On Aug 13 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money
Macke Owns (EMC); Najarian Owns (EMC), (GS); Bolling Owns Japanese Yen Futures; Bolling Owns Gold Futures