An open letter to Blackstone’s Steve Schwarzman regarding his stock.

Mr Schwarzman ,

I have no reason to sugar coat my opinion. You built a great company and you are a brilliant businessman, however if you think your companies’ shares are worth $125 than this advice is irrefutable….to use an antiquated phrase, start clocking buy orders.

Giving excuses like over leveraging only weakens your argument. In fact it makes you look shaken. Heck, this country was built on the leverage!

It was your instincts that created the giant that is known as Blackstone, now you must send the ultimate signal to the investment community….buy! The only question is at what price, and when?

Tender offer, Dutch Tender offer, Open market purchases …LBO …just get ready to buy.

Edward Strafaci