(Reuters) - In a filing issued on Monday for its upcoming public
offering, Blackstone makes it clear that net earnings won't be
one of its key metrics. Instead, bearing in mind the company's
warning that it expects significant net losses for years,
investors should get familiar with less common measurements of
performance, such as "pro forma economic net income."
With many other private-equity firms and hedge funds
expected to pursue a path similar to Blackstone's, Monday's
filing shows that investors are likely to be flummoxed when it
comes to understanding the earnings of these private
partnerships that go public.
Read more at Reuters.com Mergers News
offering, Blackstone makes it clear that net earnings won't be
one of its key metrics. Instead, bearing in mind the company's
warning that it expects significant net losses for years,
investors should get familiar with less common measurements of
performance, such as "pro forma economic net income."
With many other private-equity firms and hedge funds
expected to pursue a path similar to Blackstone's, Monday's
filing shows that investors are likely to be flummoxed when it
comes to understanding the earnings of these private
partnerships that go public.
Read more at Reuters.com Mergers News
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