Filed under: DaimlerChrysler (DAI) , Ford Motor (F) , General Motors (GM) , Private equity , Market matters , Blackstone Group L.P (BX) , Initial public offerings , Cramer on BloggingStocks TheStreet.com's Jim Cramer says KKR will join the list of buyout firms that fleece the small investor by going public. Just what we need, a private-equity firm to go public. That worked just great with Fortress Investment (NYSE: FIG ) ( Cramer's Take ), and it was terrific with Blackstone (NYSE: BX ) ( Cramer's Take ). At least this one is some sort of reverse merger that might not inflict too much pain on the public. Of course, folks in this business are displaying their usual lack of shame. It would be an excellent time for them to have a good reason beyond employee retention; I mean if you are making all of that money, what's the issue with retention? It would also be terrific if they were doing well, but there hasn't been a deal in so long that it would be a bit of an oddity if they were doing anything other than making a lot of fees. But Kohlberg Kravis Roberts is a storied lot, so I figure the public will lap it up and all will be well until the losses start. Or maybe this will be the one that's in the blue moon and the public will not be pants'd by the really smart bankers. Who knows, maybe we will hear soon from Cerberus, because they are always saying things are going great, as if Chrysler could be doing swimmingly even as Daimler (NYS ...
Anytime
Filed under: DaimlerChrysler (DAI) , Ford Motor (F) , General Motors (GM) , Private equity , Market matters , Blackstone Group L.P (BX) , Initial public offerings , Cramer on BloggingStocks TheStreet.com's Jim Cramer says KKR will join the list of buyout firms that fleece the small investor by going public. Just what we need, a private-equity firm to go public. That worked just great with Fortress Investment (NYSE: FIG ) ( Cramer's Take ), and it was terrific with Blackstone (NYSE: BX ) ( Cramer's Take ). At least this one is some sort of reverse merger that might not inflict too much pain on the public. Of course, folks in this business are displaying their usual lack of shame. It would be an excellent time for them to have a good reason beyond employee retention; I mean if you are making all of that money, what's the issue with retention? It would also be terrific if they were doing well, but there hasn't been a deal in so long that it would be a bit of an oddity if they were doing anything other than making a lot of fees. But Kohlberg Kravis Roberts is a storied lot, so I figure the public will lap it up and all will be well until the losses start. Or maybe this will be the one that's in the blue moon and the public will not be pants'd by the really smart bankers. Who knows, maybe we will hear soon from Cerberus, because they are always saying things are going great, as if Chrysler could be doing swimmingly even as Daimler (NYS ...