Blackstone Group LP | StockChase
68
Blackstone Group LP (BX-N)

Last Price Recorded: $31.8500 on 2017-11-23

ON STOCKCHASE SINCE Jun 2007

investment companies/funds

Blackstone Group LP


Signal Opinion Expert
     

2017-11-10

COMMENT
Blackstone Group LP (BX-N)

Has done well, but not sure this is the time in the cycle when you want to own a company that looks for opportunities in a quasi-distressed market. This is a limited partnership, and for Canadians owning Limited Partnerships, there are tax repercussions. Before going into a limited partnership, you should get tax advice.

investment companies/funds
Gordon Reid

President, GoodReid Investment Counsel

Price: $32.130
Owned: Unknown

2017-11-07

DON'T BUY
Blackstone Group LP (BX-N)

An amazing time in the cycle to buy things like this. A little more hedged to equity focus in its mandate mix. As a result of their portfolio blend, you want to buy an asset manager when markets are doing well. However, when markets are going well, they are not necessarily going to shine, because they have unhedged equities, and returns aren't the "shoot the lights out" kind of returns. They are the "protect well" type of returns. There is never a sweet spot for something like this in your portfolio. Alternatively, private equity has a really robust cycle. There is 1) an investment cycle, 2) a waiting period while they are growing and 3) a harvesting period. This is not the time when he would necessarily be jumping onto this. You want to get into these when we have had a pretty tough cycle.

investment companies/funds
Cameron Hurst

Chief Investment Officer, Equium Capital Management

Price: $33.040
Owned: No

2017-11-06

COMMENT
Blackstone Group LP (BX-N)

(Market Call Minute). Has played this in the past but it is pretty opaque as to what you own. You don't know what the assets are.

investment companies/funds
John Zechner

Chairman, J. Zechner & Assoc

Price: $33.030
Owned: No

2017-11-02

COMMENT
Blackstone Group LP (BX-N)

He still owns this and likes it. It isn’t trading at a very high multiple, about 10X earnings. The tax structure of these companies is kind of weird. Not many people in the US can own them effectively. If tax rates actually fall, they may actually become corporations as opposed to the present structure. This company has been very astute at gathering assets. They have well over $100 billion that they can put to work. Unlike Canada, many US pension funds don't have the ability to actually do private equities. Great dividend yield which he thinks goes up over the next little while. 8.3% dividend yield.

investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $32.510
Owned: Yes

2017-10-17

HOLD
Blackstone Group LP (BX-N)

Hold or Sell? He doesn’t consider the market is high. If you went back to the market highs of 2000, and if the S&P 100 was at that valuation, the S&P 100 would be at 5000. This is not the most expensive market ever. This closed at $33.26, and his model prices $53.87, a 61% upside. He likes financials.

investment companies/funds
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $33.220
Owned: Unknown

2017-10-13

DON'T BUY
Blackstone Group LP (BX-N)

Private equity works by you having to put capital in, but after a period of time, they have to give it back. A lot of money owned by companies like this, can effectively be under risk of having to return it. If they can’t raise additional capital, their sustainability longer-term of the dividend, is somewhat in question. The 2nd issue is that you have a business that really makes all its money by buying when there is a recession and selling when there are frothy markets. At this point, we have very frothy markets. Anything that needs to be sold probably has been sold, and moving forward, the likelihood of performance improving may be modified lower. This is a kind of company you want to buy during a recession.

investment companies/funds
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $32.930
Owned: Unknown

2017-08-16

COMMENT
Blackstone Group LP (BX-N)

There are 4 or 5 key themes that have legs in front of it over the next number of years. The most important one, beyond tech and industrials, is probably financials. Within financials, you have insurance, banks, regional banks and asset managers and capital market companies. If you believe we are in a long-term bull market for stocks, you want to own asset managers. It is an area that has growth and has not been highly priced. Prefers Blackrock (BLK-N) over this, and an active manager over a passive manager.

investment companies/funds
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $32.170
Owned: Unknown

2017-08-10

TOP PICK
Blackstone Group LP (BX-N)

They are launching infrastructure and real estate funds.  They have done a great job of gathering assets.  They have also had the ability of disposing of assets they bought previously through IPOs.  They are able to pay out a lot of their cash as a high level of distribution.  (Analysts’ target: $38.00).

investment companies/funds
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $32.300
Owned: Yes

2017-06-22

TOP PICK
Blackstone Group LP (BX-N)

This is a private equity firm, one of the biggest in the world. They’ve just did a deal for an infrastructure fund for Saudi Arabia. Trading at about 10X on earnings. They are good asset accumulators. Dividend yield of 7.2%. (Analysts’ price target is $36.)

investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $33.060
Owned: Yes

2017-06-09

COMMENT
Blackstone Group LP (BX-N)

He is constructive on financials. There is a little bit more risk on this one because of their private equity holdings, their hedge fund holdings, etc. It is not as transparent or leveraged to the basic US consumer the way other financials are, but distributions are quite strong. That murkiness is reflected in the valuation. If you are constructive on the markets and like high dividend payouts, this could be a good holding for you.

investment companies/funds
David Dietze

Founder, Pres. & Chief Investment Strategist, Point View Wealth Management

Price: $33.370
Owned: Unknown

2017-06-06

HOLD
Blackstone Group LP (BX-N)

A very attractive name, and still feels confident that it will do well. It has a very high yield. He doesn’t see why it shouldn’t do well in the future, being a good segment of the market, if capital markets remain strong, which he feels they will.

investment companies/funds
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $33.110
Owned: Unknown

2017-05-23

COMMENT
Blackstone Group LP (BX-N)

Within the financial sector, asset management is a sector that he really likes. Once you are managing the assets, you get recurring revenue for a long period of time. This company has about 25% of the money they manage in the hedge funds, with the balance largely been in private equity and alternative assets. A great business. This is something you can own.

investment companies/funds
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $32.470
Owned: Unknown

2017-05-19

BUY
Blackstone Group LP (BX-N)

He is looking at this. People are looking for some kind of alternative investments, and this is the biggest private equity firm out there. The dividend yield is upwards of 8% right now, and that is just because you get that lumpiness of deals being bought and sold. If you look at their stock price long-term growth, it has risen about 30% a year on average for about the last 10-20 years. He is quite interested in this.

investment companies/funds
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $29.870
Owned: No

2017-05-08

COMMENT
Blackstone Group LP (BX-N)

This is classified as a financial type of company, and financials in the US have very distinct seasonality. Historically this sector is currently reaching the end of its seasonal strength, which is normally from around the middle of October, right through until around the end of April. It has been slightly underperforming the market lately, which is not a good sign. If you own, put in your Stops very closely at around current levels, in order to protect yourself against the possibility of a correction coming in the summer.

investment companies/funds
Don Vialoux

Research Analyst, TimingTheMarket.CA & EquityClock.COM

Price: $30.120
Owned: Unknown

2017-05-05

DON'T BUY
Blackstone Group LP (BX-N)

An investor is not going to be able to get the level of diversification that they need. Also, most people don’t understand what is in these animals. If you want to invest in private equity, the time to do it is at the bottom of a cycle. He would pass.

investment companies/funds
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $30.280
Owned: Unknown

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