Private equity giant KKR has reportedly made a concession to the banks financing its $26 billion buyout of First Data (FDC). Meanwhile, tougher lending terms amid the credit crunch, sent Blackstone (BX) to another low Monday. Is the party completely over for private equity?
Pete Najarian believes BX is finally getting to a level where it’s a buy. He also feels the downside puts are cheap as protection.
Guy Adami agrees.
Karen Finerman suggests the wheels are starting to turn again for private equity. She tells the panel if you’re short BX, it might be time to cover.