It is cheap and they have 50 billion in real estate assets to IPO in the next 6 months. Catalysts that are identifiable.
This is in the private equity space and she likes this area a lot but has played this through KKR (KKR-N) (?) and Onyx (?). because these 2 companies have most of their own capital in what they are investing in. Likes that alignment of interests. If you have 2 private equity firms, that is really all you need.
This is in the private equity space and she likes this area a lot but has played this through KKR (KKR-N) (?) and Onyx (?). because these 2 companies have most of their own capital in what they are investing in. Likes that alignment of interests. If you have 2 private equity firms, that is really all you need.
Alternative asset management. Private equity, some closed end funds, hedge funds. Trades at 9X earnings versus traditional asset managers at 16X. Over the last 5 years traditional asset managers have been growing their assets by 12% while this one has grown by 202%. Very profitable. Very good retail network. Very compelling valuation. Over 5% dividend yield.
Alternative asset management. Private equity, some closed end funds, hedge funds. Trades at 9X earnings versus traditional asset managers at 16X. Over the last 5 years traditional asset managers have been growing their assets by 12% while this one has grown by 202%. Very profitable. Very good retail network. Very compelling valuation. Over 5% dividend yield.
You get the management and bonus fees to the company. When the economy is doing well you get a good spin-off. Stay away from these companies because you don’t know what you are buying.
(Market Call Minute) Thinks it will do really well. You want to be in a name like this.
(Market Call Minute.) You want a private equity company to be able to sell into strong markets. Institutions are increasing their allocations to alternative investments and they are getting more money to play with. He would sell if it gets to around $32-$33.