Monday, March 16, 2009

Time to look at the private equity plays

Fortress Investment Group (FIG 1.59), Blackstone (BX 6.06) and Kohlberg Capital (1.90) all had good moves the last few days, and all look like trades now.

Even in this environment, nobody believe Kolhberg's marks on its CLO portfolio, but they spin a better story now that the shorts are being neutered.

And the neutering of the shorts gives these companies time, which gives them forebearance.

Which means you can get substantial moves higher in all of these names!

What is the world coming to?

The "Masters of the Universe" have life!

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