Blackstone reportedly paid a significant discount for the debt that may soon fall in default after Multi advised lenders that they would miss interest payments.
Blackstone has made even greater news with proposals to buy Dell (DELL) in competition with Michael Dell and Silver Lake Management LLC's attempt to take Dell private.
From a technical analysis viewpoint, I want to see Blackstone pull in and give us a buying dip before entering. A price near or slightly less than $19 a share is where I would want to focus on adding Blackstone shares to your portfolio.
At the time of writing and from the latest short interest report, the short interest is minor and not a cause of distraction. The small amount of short interest is 2.6%.
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