BX: Blackstone group Is Under Priced

Blackstone is under priced by more then $20.The Company has an independent alternative asset manager with assets under management of $102.43 billion, as of December 31, 2007. That is a lot of money. Blackstone buys ever thing from real estate to bonds. Blackstone used to be a hedge fund On March 3, 2008, the Company acquired GSO Capital Partners LP (GSO) and certain of its affiliates. In August 2008, the Company announced the establishment of a new business group, Cleantech Energy Group, which will focus on investments in the cleantech energy sector and will also provide advice on renewable energy strategies across the Company's asset base.The companies Blackstone are buying are under priced and have a very bright future. The Company manages five general private equity funds.As of December 31, 2007, the Company managed a total of six domestic and two non-United States real estate funds. Overall I believe that this is under valued and if bought will make some big money