The article seems largely positive. It is typical to have an eye catching title.
"That history notwithstanding, many market watchers believe the outlook is bright for advisory businesses like PJT, Perella, Centerview and Houlihan. While many banking operations have been subjected to price cuts, advisory fees "have held solid for decades," according to Rafferty Capital Markets analyst #$%$ Bove. He said the business of advising on deals has better prospects at the moment than any of the other banking-related industries he follows. "
In summary ... It's good to be long
So, can we assume that BLK is not a PE firm and thusly, comparison to BX is invalid? Your call.
How did your long & short combo work out today? Me thinks you got it backwards. Time to double down???
He or his bosses are short and think they can move the needle by bashing ... My belief is that if not properly executed, this tactic can galvanize folks with a long position. Either way, there are not enough people participating on this board to move the needle.
With the major indices all down about 1% today and BX up 1.25% and having moved higher, faster as the indices moved lower faster ... THESE GUYS HAVE A PROBLEM
Please keep you language civil. It seems that you like BS a lot. Below are several messages you posted on this board and against someone else on the board of CLMT.
“That must be why you have so much BS spewing?” (March 23rd on this board)
“Your name should be MORE BS!” (March 10th on the board of CLMT)
“Is this more BS?” (March 20th on the board of CLMT)
I don't know what your family put on dinner table everyday. It must be the good stuff.
I received my K-1 from BX which is held in my IRA. I use turbo tax. When going to put in dividends from the K-1 it said I am sheltered from tax and wouldn't even allow me to continue to input the information. Some posts have said that we need to claim this on our taxes even when in an IRA? Anyone have any info on whether I need to pay taxes on those distributions?
The Blackstone Group L.P. Stock Rating Reaffirmed by Zacks (BX)
Posted by Jim Brewer on Mar 30th, 2015 // No Comments
The Blackstone Group L.P. (NYSE:BX)‘s stock had its “buy” rating reissued by Zacks in a research report issued on Monday. They currently have a $43.00 target price on the stock. Zacks‘s target price suggests a potential upside of 13.13% from the stock’s previous close.
Zacks’ analyst wrote, “Blackstone’s fourth-quarter 2014 economic net income (ENI) per share surpassed the Zacks Consensus Estimate. Results benefited from a decrease in operating expenses, partially offset by lower revenues owing to decline in performance and investment fees. Improvement in assets under management (AUM) and sturdy balance sheet were the other positives. Going forward, improving economic conditions are expected to assist the company’s fund-raising ability. Also, the changing investor preference for alternative asset classes and other risk management strategies should boost top line in the forthcoming quarters. However, we remain apprehensive regarding the adverse effects of ongoing volatility in capital market and stringent regulations.”
The Blackstone Group L.P. (NYSE:BX) traded up 1.10% on Monday, hitting $38.43. The stock had a trading volume of 1,818,226 shares. The Blackstone Group L.P. has a 52-week low of $26.56 and a 52-week high of $39.62. The stock has a 50-day moving average of $37. and a 200-day moving average of $34.. The company has a market cap of $23.15 billion and a price-to-earnings ratio of 14.90.
The Blackstone Group L.P. (NYSE:BX) last released its earnings data on Tuesday, February 10th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.29. Analysts expect that The Blackstone Group L.P. will post $3.73 EPS for the current fiscal year.
BX has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating and set a $44.00 pricetarget on shares of The Blackstone Group L.P. in a research note on Monday. Analysts at Barclays raised their price target on shares of The Blackstone Group L.P. from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Analysts at Keefe, Bruyette & Woods raised their price target on shares of The Blackstone Group L.P. from $39.00 to $41.00 in a research note on Friday, January 30th. Finally, analysts at Jefferies Group raised their price target on shares of The Blackstone Group L.P. from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Twelve investment analysts have rated the stock with a buy rating, The Blackstone Group L.P. has an average rating of “Buy” and a consensus target price of $43.00.
Sentiment: Strong Buy
The article was published by TheStreet, a popular and respected media source. One definition of being a fool, I guess, is call everyone with a different opinion "troll".
He didn't buy any BX shares in early 2009, when the stock price was down by more than 80%. If he didn't think the stock was a bargain, why would he buy now? He has been called many things and he may like to call foolish investors "nice" people. Foolish he is not.
They raised 14.5 billion with very little difficulty. They will benefit when interest rates rise as well. Increase to tenants rents, higher earnings on cash they have on hand, strength of their dollar gives them more purchasing power in emerging markets
Sentiment: Strong Buy
and its before earnings. how many stocks are up and have not only the capital, but its back by REAL ESTATE that produces income. That allows them to further invest in Oil, Electronics.... this is a very strategic asset mgt company worthy of $100 in 3 year w/ great divvy's... come back to this post in 3yrs
Sentiment: Strong Buy
btw, qualifying shareholder's of bx will get shares in the spin-off and the new spin-off dividend all the while continuing to grow with bx shares and bx dividends. wins all around.
From article: Blackstone spokesman Peter Rose wrote via e-mail that the PJT spinoff "has nothing to do with a view of the market, but everything to do with unshackling our advisory business from conflicts and creating the premier independent advisory firm for the 21st century."
Rose added that Blackstone CEO Steve Schwarzman "has not sold any of his units since the IPO, so he has faith that there is still upside."
buy mortimer buy!