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
February 13, 2017

This is very deal driven and very opaque driven on how they make their money and what the current investments are. Had a lot in energy about a year ago, which has done well. But look at the volatility in the stock since it went public. It has been so up and down. Any sort of turn-down in the market could be a problem. A very volatile stock. He would rather own this at the bottom of the cycle rather than the top. Dividend yield of 6%+.

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

This is very deal driven and very opaque driven on how they make their money and what the current investments are. Had a lot in energy about a year ago, which has done well. But look at the volatility in the stock since it went public. It has been so up and down. Any sort of turn-down in the market could be a problem. A very volatile stock. He would rather own this at the bottom of the cycle rather than the top. Dividend yield of 6%+.

SELL
SELL
January 27, 2017

These kinds of companies are institutional products, because they are very sophisticated and very complex. The capital is raised in 10 year tranches, and can fall if the return on the funds is not the greatest. The premise that is sold to retail investors is that they will get a portion of the 2% management fee and it will rise over time. There is no guarantee that this will continue to happen. Also, they tend to spin out companies that have been successful and made money where you would get a one-time special gain. Feels these are more speculative investments than you would otherwise expect them to be. If you have made some money, he would suggest you take your money off the table and look at other segments that have less volatility.

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

These kinds of companies are institutional products, because they are very sophisticated and very complex. The capital is raised in 10 year tranches, and can fall if the return on the funds is not the greatest. The premise that is sold to retail investors is that they will get a portion of the 2% management fee and it will rise over time. There is no guarantee that this will continue to happen. Also, they tend to spin out companies that have been successful and made money where you would get a one-time special gain. Feels these are more speculative investments than you would otherwise expect them to be. If you have made some money, he would suggest you take your money off the table and look at other segments that have less volatility.

COMMENT
COMMENT
January 19, 2017

There are arguments that this is trading at a significant discount to what its breakup value is. Very, very smart guys. He doesn’t like investing in private equity companies. The people that make all the money in private equity companies are the guys that work for the companies. A very tough way to make a living. Dividend yield of 5.6%.

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Blackstone Group LP (BX-N)
January 19, 2017

There are arguments that this is trading at a significant discount to what its breakup value is. Very, very smart guys. He doesn’t like investing in private equity companies. The people that make all the money in private equity companies are the guys that work for the companies. A very tough way to make a living. Dividend yield of 5.6%.

BUY
BUY
January 17, 2017

He is positive on this company. He basically likes the financial space and thinks this one will move up with the rest of the financials on the back of higher interest rates and regulatory reforms. Trading at a very reasonable valuation. It has a good payout.

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Blackstone Group LP (BX-N)
January 17, 2017

He is positive on this company. He basically likes the financial space and thinks this one will move up with the rest of the financials on the back of higher interest rates and regulatory reforms. Trading at a very reasonable valuation. It has a good payout.

TOP PICK
TOP PICK
January 16, 2017

The largest private equity firm globally. Trading at 10X earnings. The stock really didn’t move when all the other financials did. They have about $100 billion that they can spend to buy things if things go bad. They were really good buyers of assets all the way from 2008-2009. Have some great assets which have matured and is now time to sell, but they need a strong equity market. When they get this in the next couple of years, they will harvest a lot from the purchases they made. Not expensive. Dividend yield of 5.45%. (Analysts’ price target is $33.83.)

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Blackstone Group LP (BX-N)
January 16, 2017

The largest private equity firm globally. Trading at 10X earnings. The stock really didn’t move when all the other financials did. They have about $100 billion that they can spend to buy things if things go bad. They were really good buyers of assets all the way from 2008-2009. Have some great assets which have matured and is now time to sell, but they need a strong equity market. When they get this in the next couple of years, they will harvest a lot from the purchases they made. Not expensive. Dividend yield of 5.45%. (Analysts’ price target is $33.83.)

BUY
BUY
December 19, 2016

Investment companies are certainly benefiting from what we have seen – regulation and deregulation. The directional winds are at the back of all these companies. We have seen a move on these companies, but it will not be a straight line up. It should move to high lows and higher highs.

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Blackstone Group LP (BX-N)
December 19, 2016

Investment companies are certainly benefiting from what we have seen – regulation and deregulation. The directional winds are at the back of all these companies. We have seen a move on these companies, but it will not be a straight line up. It should move to high lows and higher highs.

COMMENT
COMMENT
December 15, 2016

Expectations for 2016 would be for merger and acquisition stocks to pick up. There is going to be more consolidation. If the corporate tax rate is cut, there is going to be more money flying around, which will bode well for companies like this. You have to understand that this is a project by project investment.

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Blackstone Group LP (BX-N)
December 15, 2016

Expectations for 2016 would be for merger and acquisition stocks to pick up. There is going to be more consolidation. If the corporate tax rate is cut, there is going to be more money flying around, which will bode well for companies like this. You have to understand that this is a project by project investment.

WEAK BUY
WEAK BUY
October 27, 2016

They pay a good dividend. They have this great period when they harvest all of their profits. The problem now is that there are fewer opportunities around and more people looking at them. They are competing with pension funds. In the US a pension companies could not do this and so have had to use BX-N in the past but now rules are starting to change. They are not seeing the opportunities they had in ’08 and ’09. The sweet spot is gone. Wait for a downturn in the market to buy these things.

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Blackstone Group LP (BX-N)
October 27, 2016

They pay a good dividend. They have this great period when they harvest all of their profits. The problem now is that there are fewer opportunities around and more people looking at them. They are competing with pension funds. In the US a pension companies could not do this and so have had to use BX-N in the past but now rules are starting to change. They are not seeing the opportunities they had in ’08 and ’09. The sweet spot is gone. Wait for a downturn in the market to buy these things.

HOLD
HOLD
October 17, 2016

These guys get the best talent and the best deals. They are the best in private equity. This is not a time to abandon it.

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Blackstone Group LP (BX-N)
October 17, 2016

These guys get the best talent and the best deals. They are the best in private equity. This is not a time to abandon it.

COMMENT
COMMENT
September 19, 2016

He knows this company very well. The private equity industry works on very definable cycles. They create value when the economy is weak and they are able to buy businesses when earnings are depressed. They build up profit and ultimately crystallize when they exit their investments. The whole private equity group in general have been trading a lot with high-yield bond yields. It doesn’t feel timely to him.

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Blackstone Group LP (BX-N)
September 19, 2016

He knows this company very well. The private equity industry works on very definable cycles. They create value when the economy is weak and they are able to buy businesses when earnings are depressed. They build up profit and ultimately crystallize when they exit their investments. The whole private equity group in general have been trading a lot with high-yield bond yields. It doesn’t feel timely to him.

WEAK BUY
WEAK BUY
September 1, 2016

One of the leading asset managers in the world. You are investing with some of the brightest people on Wall Street. It is cyclical and will ebb and flow with the markets. It will be very volatile. They create long term value, however.

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Blackstone Group LP (BX-N)
September 1, 2016

One of the leading asset managers in the world. You are investing with some of the brightest people on Wall Street. It is cyclical and will ebb and flow with the markets. It will be very volatile. They create long term value, however.

DON'T BUY
DON'T BUY
September 1, 2016

(Market Call Minute.) Wonderful capital allocators, but LPs are very hard to buy for Canadians, and can cause a whole bunch of tax problems.

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Blackstone Group LP (BX-N)
September 1, 2016

(Market Call Minute.) Wonderful capital allocators, but LPs are very hard to buy for Canadians, and can cause a whole bunch of tax problems.

COMMENT
COMMENT
June 13, 2016

A great company. It was a disastrous stock pick for him a year ago, and hasn’t done well. If you are looking for this to return to profitability, it is going to be at least 6 months. He doesn’t see a quick and easy resolution. We are going to be in this kind of marketplace for the next year or so. Unfortunately, in this kind of an environment, an asset manager like this is going to struggle. However, metrics are great and the valuation is cheap. Trading at a very strong discount to BV. Unbelievable dividend yield.

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A great company. It was a disastrous stock pick for him a year ago, and hasn’t done well. If you are looking for this to return to profitability, it is going to be at least 6 months. He doesn’t see a quick and easy resolution. We are going to be in this kind of marketplace for the next year or so. Unfortunately, in this kind of an environment, an asset manager like this is going to struggle. However, metrics are great and the valuation is cheap. Trading at a very strong discount to BV. Unbelievable dividend yield.

COMMENT
COMMENT
June 7, 2016

The largest alternative asset management Company globally. They are in 4 businesses. Private equity, credit, real estate and hedge fund solutions. Run by some of the most successful, smartest, best dealmakers on Wall Street. When you own the stock, it is not for the dividend, which goes up and down with the markets, but to make money on some of the smartest guys in town. If the IPO market starts to open up, it will be good for this company. If buying this for a stable dividend, it is not the company for you. They cut their dividend after Q1 by 54%.

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The largest alternative asset management Company globally. They are in 4 businesses. Private equity, credit, real estate and hedge fund solutions. Run by some of the most successful, smartest, best dealmakers on Wall Street. When you own the stock, it is not for the dividend, which goes up and down with the markets, but to make money on some of the smartest guys in town. If the IPO market starts to open up, it will be good for this company. If buying this for a stable dividend, it is not the company for you. They cut their dividend after Q1 by 54%.

PAST TOP PICK
PAST TOP PICK
April 26, 2016

(A Top Pick May 6/15. Down 25.98%.) He really likes this name, but it hasn’t worked out all that well. Had thought the market was going to do far better than what it has. This is a company that is highly dependent on being able to take companies public in a strong capital market. Very attractive and very cheap. Has a high yield of 3.9%.

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(A Top Pick May 6/15. Down 25.98%.) He really likes this name, but it hasn’t worked out all that well. Had thought the market was going to do far better than what it has. This is a company that is highly dependent on being able to take companies public in a strong capital market. Very attractive and very cheap. Has a high yield of 3.9%.

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