Fortress IPO?

Quote from ByLoSellHi:

So here's what you're saying:

The only people who should buy FIG are those that are privy to their internal workings, and despite floating public shares today, they really have no obligation to be transparent in their financials as other publicly traded entities are.

You are essentially saying that anyone other than those who are privy to the inner workings of FIG through personal exposure to the company is wise in relying upon blind faith in the core competence of their management, and their faith in a 70ish P/E ratio investment firm can't possibly be misguided.

You are saying that their core holdings were purchased on a rational basis, they will continue to appreciate in value, they will continue to grow their EPS in a manner commensurate with their share price, and their proprietary methods for investing in assets is as sound as any publicly traded entity, even though they have no duty to disclose what those methods are, even though they are publicly traded now, relying on public investment to support their market cap.


Correct me if I'm wrong in any manner.

And since I haven't personally insulted you, I'd appreciate it if you return the favor in your response.
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Look when you give money to Private Equity (which is what Fortress essentially is), you are supposed to relax and let the management do what they do best. Otherwise you have no business giving them money. They are not going to disclose how they make their choices in picking assets, fixing them up, which to take public, which to hold and which to sell. That's like giving up their edge. Do you expect a public tech firm to give up their proprietary technology secrets to all investors?

You claim there is no info on them but have you tried doing any real research? You're making it sound like FIG is some scam, when it's not. If you try to tell some professional in the private equity world what you have stated in this thread, they will laugh at you and quickly note that you do not know what you're talking about. Every najor IB has relationships with Fortress

This is a pioneer move, so who knows what changes will come to how Fotress operates. My guess is that the management wants to allow their investors to cash out with great success and ease, as well as make some serious dough for themselves. I also think that their best performance is in the past now that every other Joe Shmoe can get involved. It's more of a Ponzi scheme at this point. But I also KNOW that many institutions & funds of funds still want a piece of FIG and now they do not have to be pre-screened or qualifed, nor do they have to commit a minimum amount. A secondary is probably in the works.

Just get it through your head that the market reaction to FIG is quite rational and makes sense. The shakeout games will continue but the truth is that the demand for this is quite high. There simply is not enough float out there so many interested buyers will just wait.
 
I've never said or even implied Fortress is a scam, HG. Not once.

I've never said or heard that it's nothing if not a competent, completely ethical and well run firm.

I've only said it appears to be priced extremely richly when compared to the likes of other quasi-private equity funds such as Goldman.
 
Quote from Hydroblunt:

Look when you give money to Private Equity (which is what Fortress essentially is), you are supposed to relax and let the management do what they do best. Otherwise you have no business giving them money. They are not going to disclose how they make their choices in picking assets, fixing them up, which to take public, which to hold and which to sell. That's like giving up their edge. Do you expect a public tech firm to give up their proprietary technology secrets to all investors?

You claim there is no info on them but have you tried doing any real research? You're making it sound like FIG is some scam, when it's not. If you try to tell some professional in the private equity world what you have stated in this thread, they will laugh at you and quickly note that you do not know what you're talking about. Every najor IB has relationships with Fortress

This is a pioneer move, so who knows what changes will come to how Fotress operates. My guess is that the management wants to allow their investors to cash out with great success and ease, as well as make some serious dough for themselves. I also think that their best performance is in the past now that every other Joe Shmoe can get involved. It's more of a Ponzi scheme at this point. But I also KNOW that many institutions & funds of funds still want a piece of FIG and now they do not have to be pre-screened or qualifed, nor do they have to commit a minimum amount. A secondary is probably in the works.

Just get it through your head that the market reaction to FIG is quite rational and makes sense. The shakeout games will continue but the truth is that the demand for this is quite high. There simply is not enough float out there so many interested buyers will just wait.
More...

From this, I concluded that you are better off be an Fortress investors than shareholders.
 
Down down down. I don't see how anyone who bought this at the market has made any money. There is no t/a to do. I was hoping volume would dry up.

Wouldn't you think anyone interested at this point is just going to wait?
 
I think I have the answer!

I have discovered Fortress's first investment post IPO!
They bought a S* load of Aircastle (AYR) @ $33.

Much easier to make money this way I would imagine...
 
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