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Fortress Investment Group Llc (FIG) [hlAlert]

down 36.22 %

Fortress Investment Group Llc (FIG) rated Buy with price target $12 by Argus

Posted on: Monday,  Aug 25, 2008  9:25 AM ET by Argus

Argus rated Buy Fortress Investment Group Llc (NYSE: FIG) on 08/25/2008, when the stock price was $9.80. Since
then, Fortress Investment Group Llc has lost 36.22% as of 01/15/2016's recent price of $6.25.
If you would have followed this Argus's recommendation on FIG, you would have lost 36.22% of your investment in 2699 days.

Fortress Investment Group LLC (Fortress) is a global alternative asset manager that raises, invests and manages private equity funds and hedge funds. Fortress earns management fees based on the size of its funds, incentive income based on the performance of the Company's funds, and investment income from its principal investments in those funds. Its offering of alternative investment products includes private equity funds and hedge funds. The Company refers to these investment products, collectively, as the Fortress Funds. As of December 31, 2008, the Company managed alternative assets in two core businesses: private equity funds and hedge funds.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/25/2008 9:25 AM Buy
9.80 12.00
as of 12/24/2008
1 Week up  31.08 %
1 Month up  34.09 %
3 Months up  138.09 %
1 YTD down  -64.28 %

(*) Stock Price at the time of the recommendation.
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