Blackstone Group LP

BX-N

NYSE:BX

53.60
1.76 (3.18%)
The Blackstone Group L.P. is an American multinational private equity, alternative asset management and financial services firm based in New York City.
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Analysis and Opinions about BX-N

Signal
Opinion
Expert
COMMENT
COMMENT
May 23, 2017

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.

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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.

BUY
BUY
May 19, 2017

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.

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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.

COMMENT
COMMENT
May 8, 2017

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.

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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.

DON'T BUY
DON'T BUY
May 5, 2017

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.

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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.

COMMENT
COMMENT
May 4, 2017

The high dividend gives you a unique tax situation. He would rather hold it in a fund so that the fund takes care of it for you. He really likes the company. The yield is slightly over 11%.

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The high dividend gives you a unique tax situation. He would rather hold it in a fund so that the fund takes care of it for you. He really likes the company. The yield is slightly over 11%.

PAST TOP PICK
PAST TOP PICK
May 3, 2017

(A top pick April 3/17. Up 7%.) He recently sold this. A limited partnership and has tax implications for non-registered accounts. He didn’t want to deal with the US tax implications. Still likes the stock and the company, and it is quite good for a registered account.

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(A top pick April 3/17. Up 7%.) He recently sold this. A limited partnership and has tax implications for non-registered accounts. He didn’t want to deal with the US tax implications. Still likes the stock and the company, and it is quite good for a registered account.

TOP PICK
TOP PICK
May 1, 2017

A private equity company. In the bad times, they were able to buy a lot of assets, which they have either sold right now or will continue to sell. Recently bought about $100 billion in cash, which is sitting on their balance sheet, which they can use to buy other things. Thinks it is worth somewhere in the $50-$60 range. Pays a very strong dividend of 7.8%. (Analysts’ price target is $35.)

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A private equity company. In the bad times, they were able to buy a lot of assets, which they have either sold right now or will continue to sell. Recently bought about $100 billion in cash, which is sitting on their balance sheet, which they can use to buy other things. Thinks it is worth somewhere in the $50-$60 range. Pays a very strong dividend of 7.8%. (Analysts’ price target is $35.)

TOP PICK
TOP PICK
April 13, 2017

Trading at 10X earnings and has a very good dividend yield of 5.2%. 2 things happened with this company. They were very smart at buying a lot of assets in the downturn in the equity market, and if it continues like this, it will give them the opportunity to harvest gains from that. The other thing was that they raised about $100 billion. They have a lot of firepower if something happens to the stock market. Feels the company is worth somewhere between $55 and $60 if things work out. (Analysts’ price target is $34.75.)

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Trading at 10X earnings and has a very good dividend yield of 5.2%. 2 things happened with this company. They were very smart at buying a lot of assets in the downturn in the equity market, and if it continues like this, it will give them the opportunity to harvest gains from that. The other thing was that they raised about $100 billion. They have a lot of firepower if something happens to the stock market. Feels the company is worth somewhere between $55 and $60 if things work out. (Analysts’ price target is $34.75.)

TOP PICK
TOP PICK
April 3, 2017

They hold investment vehicles. It is starting to uptrend. It is good for at least the next few months. (Analysts’ target: $35.50).

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They hold investment vehicles. It is starting to uptrend. It is good for at least the next few months. (Analysts’ target: $35.50).

COMMENT
COMMENT
March 16, 2017

This is a US limited partnership, and you want to make sure you don’t run into a tax filing problem. He would suggest you get some tax advice from a professional. This company is basically a private equity firm with about $300 billion in assets. About a 3rd of it right now is in cash, waiting for opportunities. They’ve had good payouts, but the payouts are lumpy, as it depends on when they monetize different projects. They’ve been pretty good at what they’ve done, but they really haven’t been rewarded.

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This is a US limited partnership, and you want to make sure you don’t run into a tax filing problem. He would suggest you get some tax advice from a professional. This company is basically a private equity firm with about $300 billion in assets. About a 3rd of it right now is in cash, waiting for opportunities. They’ve had good payouts, but the payouts are lumpy, as it depends on when they monetize different projects. They’ve been pretty good at what they’ve done, but they really haven’t been rewarded.

DON'T BUY
DON'T BUY
March 13, 2017

(Market Call Minute.) He would pass on this. Carlysle Group have been selling off their pools, and this company hasn’t started yet. (See Top Picks.)

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(Market Call Minute.) He would pass on this. Carlysle Group have been selling off their pools, and this company hasn’t started yet. (See Top Picks.)

TOP PICK
TOP PICK
March 8, 2017

This has not run up a lot, like other financials. A private equity company, but they have a hedge fund business. Has a great dividend yield of 5.17%. They’re very good at harvesting their assets. They’ve been able to use the debt market when they buy things, to lever them up. Have brought in over $100 billion, that they can actually deploy if something happens. (Analysts’ price target is $35.50.)

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This has not run up a lot, like other financials. A private equity company, but they have a hedge fund business. Has a great dividend yield of 5.17%. They’re very good at harvesting their assets. They’ve been able to use the debt market when they buy things, to lever them up. Have brought in over $100 billion, that they can actually deploy if something happens. (Analysts’ price target is $35.50.)

DON'T BUY
DON'T BUY
February 27, 2017

It is one of the top private equity companies in the world. They are an L.P. so get special tax treatment and you would have to file with the IRS even if you are a Canadian. You are better to own it through a fund so they do all the work with the IRS.

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Blackstone Group LP (BX-N)
February 27, 2017

It is one of the top private equity companies in the world. They are an L.P. so get special tax treatment and you would have to file with the IRS even if you are a Canadian. You are better to own it through a fund so they do all the work with the IRS.

DON'T BUY
DON'T BUY
February 14, 2017

KKR & Co (KKR-N) or Blackstone (BX-N)? He prefers an asset manager that is focused on public market equities. Asset classes are always being revalued. At certain times, certain asset classes do better than others. We have just gone through 10 years where regulation, compliance and rules around being a public company went through the roof, and it became very, very expensive. During that time, managing investing in private companies became very attractive, as they didn’t have the same problems. However, many private companies trade at higher valuations than public market companies, and yet public market companies are liquid every day and can be bought or sold. We have entered a period of many years where public market equities and developed markets, are likely to outperform. Asset managers in that area are under-owned and under-loved, and things changing for the better. Multiples are expanding. Prefers Morgan Stanley (MS-N).

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Blackstone Group LP (BX-N)
February 14, 2017

KKR & Co (KKR-N) or Blackstone (BX-N)? He prefers an asset manager that is focused on public market equities. Asset classes are always being revalued. At certain times, certain asset classes do better than others. We have just gone through 10 years where regulation, compliance and rules around being a public company went through the roof, and it became very, very expensive. During that time, managing investing in private companies became very attractive, as they didn’t have the same problems. However, many private companies trade at higher valuations than public market companies, and yet public market companies are liquid every day and can be bought or sold. We have entered a period of many years where public market equities and developed markets, are likely to outperform. Asset managers in that area are under-owned and under-loved, and things changing for the better. Multiples are expanding. Prefers Morgan Stanley (MS-N).

TOP PICK
TOP PICK
February 13, 2017

They have a private equity business, hedge funds and real estate. He thinks this is a very good environment for a private equity firm. They bought a lot of cheap assets in 07/08. They have a lot of capital to buy things with. Debt is not that expensive. (Analysts’ target: $35.13) .

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Blackstone Group LP (BX-N)
February 13, 2017

They have a private equity business, hedge funds and real estate. He thinks this is a very good environment for a private equity firm. They bought a lot of cheap assets in 07/08. They have a lot of capital to buy things with. Debt is not that expensive. (Analysts’ target: $35.13) .

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