BlackStone (BX) is a giant of alternative investment. It invests in real estates (largest single -family house investor in the US), REITs, mortgage, leading , energy, etc.
BlackStone announced 2016Q3 results, better than expectations.
Its business is stabilised and one can look forward to better results in the coming months.
read it Buyout firm Blackstone Q3 earnings beat estimates
thus the share prices should have found a floor.
A quarterly dividid of USD 0.41 can translate into annual dividend rate of 4 x 0.41 / 25.38 x 100% = 6.5%.
The business is improving, it attracts more cash to manage, the valuation is reasonable with ~ 6.5% dividend, the risk of holding the stock is low.
Why Alternative Asset Managers Rebounded in 2016
Read at http://marketrealist.com/2016/12/why-alternative-asset-managers-rebounded-in-2016/
BlackStone announced 2016Q3 results, better than expectations.
Its business is stabilised and one can look forward to better results in the coming months.
read it Buyout firm Blackstone Q3 earnings beat estimates
thus the share prices should have found a floor.
A quarterly dividid of USD 0.41 can translate into annual dividend rate of 4 x 0.41 / 25.38 x 100% = 6.5%.
The business is improving, it attracts more cash to manage, the valuation is reasonable with ~ 6.5% dividend, the risk of holding the stock is low.
BlackStone is a good stock to own for long-term. Its share prices have been depressed to a multi-year low due to short-term troubles.
There is a series of reports on
The Blackstone Group: Investing with an alternative giant
Read at
http://marketrealist.com/2015/02/blackstone-group-290-billion-alternative-investment-manager/