Blackstone, Crocs and Starbucks

People who bought the Blackstone (BX) at its IPO debut (around 35), will regret “chasing hot stocks” now. I don’t know how the Chinese State Investment Co. (who took 8% stake at around $3 b) felt about this. Oh well, they are in this for long haul.

Crocs stock (CROX) got a hit today. Barrons ran an article on weekend reminding people taking some profit now, I did it on Monday. But I’m still bullish on the company’s business, especially interntional front: hope people don’t just buy knockoffs?

Blackstone BX IPO

You don’t have to be a stock junkie to know this one. Blackstone IPO generated so much buzz lately, from Chinese State Investment Co. take a significant stake (without voting power), to its high flying CEO cashing in billions of dollars in the IPO, and some congressman talking about impose the 33% tax rate rather than the 15% capital gain tax for private equity firms.

I briefly read its S1 prospectus today. I noticed a few things kind of interesting: