http://blogs.reuters.com/reuters-dealzone/2007/09/12/blackstone-despite-stock-plunge-looking-ok-bofa/ Behind the deals and deal-makers Sat, 30 Aug 2008 14:49:08 +0000 http://wordpress.org/?v=2.3.3 http://blogs.reuters.com/reuters-dealzone/2007/09/12/blackstone-despite-stock-plunge-looking-ok-bofa/#comment-332557 ENI little comfort for Blackstone investors - Reuters DealZone Sun, 02 Dec 2007 06:29:44 +0000 http://blogs.reuters.com/reuters-dealzone/2007/09/12/blackstone-despite-stock-plunge-looking-ok-bofa/#comment-332557 [...] To make matters more confusing, Bank of America analyst Michael Hecht prefers to look at neither GAAP earnings, nor ENI to judge Blackstone’s quarterly performance. In a research note on Monday, Hecht uses adjusted cash flow from operations, which at 29 cents a share last quarter was only a penny below the Street. As DealZone has pointed out, Blackstone’s IR head used to run BofA’s equity research group. [...] […] To make matters more confusing, Bank of America analyst Michael Hecht prefers to look at neither GAAP earnings, nor ENI to judge Blackstone’s quarterly performance. In a research note on Monday, Hecht uses adjusted cash flow from operations, which at 29 cents a share last quarter was only a penny below the Street. As DealZone has pointed out, Blackstone’s IR head used to run BofA’s equity research group. […]

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