Jim Lebenthal Blackrock Inc. BLK-N BUY Jun 07, 2024

It's been a dog, doing nothing and trying to crack into infrastructure. Trump wants the Panama Canal back. Blackrock bought it, which could become an amazing return. But shares are still -5.56% this year. Ridiculous.

Great execution, but always on the expensive side. Nothing wrong with the company, but doesn't tick all the boxes for a value manager like himself.

A long-term position for him. He's betting on the CEO who is switching to a more lucrative model. Great technology.

It's doing very well and he likes the CEO, but it's an American stock. Trump has announced an edict (tariffs), which means stocks will go down.

It reports Friday. The CEO will explain what will happen, that we had a well-oiled economy with a pro-business president ready to take it to the moon, but instead we got a journey to the centre of the Earth.

Likes it as a long-term hold. It's sort of a proxy for the market. Good operator. Not cheap at 17x PE, which is the current market multiple. Stock's come down with the market.

Wonderful company. Largest ETF player in the game. Markets will come back and grow, and BLK will grow along with them. Great long-term investment.

Right now, 15% withholding tax on US dividends; not on his list of worries that it will be negotiated higher under Trump. Out of his control.

Is down 3% this year but he is holding on. He thinks that if they tell a positive story at Thursday's analyst meeting, then shares will rise.

Is surprised by today's market reaction to their earnings, -5.5%. Weakness in the quarter was due to losing a large client in that quarter, but they grew 10% in new money. Results were guite good.

The chart moved up in a straight line, but got hit too aggressively when it reported. Trades at only 23x PE. Offers tremendous growth with little risk.