Thursday, May 3, 2007
The “E” Word Just Keeps Coming Up in Relation to the Brookstone IPO…
The Blackstone IPO filing just continues to be a font of information about how the mega-fund operates, but if the devil is in the details a lot of analysts are having a heck of a time figuring out how to estimate the potential profitability for investors. For some, their proposed use of “fair-value option accounting” is setting off Enron alarm bells. See, for example, Keep an Eye on Blackstone's Valuations and Enron-style Accounting Under Scrutiny in U.S.
Posted by Who Profits? at 8:09 AM