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Blackstone Hires Former Lehman, HSBC Advisors For Asia Team

 
Wallace Witkowski
MarketWatch Pulse
     

    SAN FRANCISCO -- Blackstone Group said Tuesday it has hired 12 advisory professionals from its rivals to form an Asia Advisory team. Partners of the team include Anthony Steains, formerly with Lehman Brothers , and Jianping Zheng, formerly with HSBC . Lehman Brothers' Johan van Jaarsveld and Dong Hyun Lee, and Jing Xiaowen of HSBC are managing directors.

    Copyright © 2008 MarketWatch, Inc.

     
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    Same-Store Sales

    Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.

    So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.

    Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.