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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (64075)	6/19/2006 11:23:54 AM
From: gregor_us	Read Replies (1) of 110194

The Blackstone Group Has in the Past Year Been Snapping up all manor of resort and hotel properties, which, for someone like me who has never owned a retail stock, a REIT, or anything that is consumer-leveraged is just baffling. But I consider the Blackstone Group to be a collection of investment geniuses. Their record is intimidating. These are the same guys who put together disparate coal properties, being shed by RagCie (sp.) of Germany back in late 2002/2003. Coal properties in 2002? They looked nuts, at that time. Sort of like Jeff Gendel of Tontine Partners back in 2003 saying there was gonna by a manufacturing revival all throughout the Ohio Valley. Huh? Manufacturing revival in 2003? So although I cannot get my around snapping up hotel and resort properties right now, I have to consider that Blackstone is making a call on business and pleasure travel. Two activities that are of course mega-dependent on a strong economy. For those with open minds on the future direction here, Blackstone is worth paying attention to. Best, LP

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