Stuff I’m Reading this Morning… What to make of the recent surge of IPO issuance. (SmartMoney) Hedgie Leon Black and his Apollo Management buying up the debt of CT’s Foxwoods casino. (NYP) Morningstar‘s new Shareholders tab let’s you keep track of who else owns your stock. (Morningstar) Eric Sprott on the pickup in momentum for…
Private Equity, Public Embarrasment
Apollo Management sure has made some awful deals recently… From Bloomberg: Apollo founder Leon Black, 57, is trying to salvage some of the $60 billion worth of companies he has acquired since 2006. Retailer Linens ‘n Things Inc. filed for bankruptcy last year. Casino operator Harrah’s Entertainment Inc. is restructuring debt to stave off default….