He obviously also didn't notice the rest of the market crashing at the same time.
His inability to put facts into context amply demonstrate why his opinions should be ignored.
Lots of money to be made there for sure. But that's Mr. Schwarzman's money. Why are you getting so excited. He may give some to his associates. From what I can tell, you are just a "nice" investor at his disposal.
Sentiment: Strong Sell
and it shows 196 million shares of FSL but shared voting power...so maybe the 2 other insider holders share the 196 million shares..I called company and see if they get back to me..
Studies have shown that people have shorter memories than their ancestors, the monkeys. Back in 2007, this stock was sold to investor above $30, but quickly crashed to below $5. Now, it is drawing in suckers again. True, BX made a lot of money last year and will probably do again next year. But its CEO alone is expected to keep more than 1 billion dollars. Of course, none of his associates are cheap. Mr. Schwarzman recently said he wanted to hire nice people. Some people use the word nice to mean less capable. What he really need is nicer investors with a short memory. Lots of them.
Sentiment: Strong Sell
Blackstone's Been Quiet Busy on IPO Front -- Market Talk
DOW JONES & COMPANY, INC. 12:36 PM ET 3/16/2015
Symbol Last Price Change
SUM 21.01down +0.01 (+0.05%)
HDS 30.35up +0.48 (+1.61%)
QUOTES AS OF 03:46:18 PM ET 03/16/2015
15:36 EDT - Last week's IPO of Summit Materials(SUM) marks the 7th company backed by Blackstone (BX) to go public in the US the past 15 months, says Dealogic. SUM's offering, which raised $460M, is the first 2015 IPO in the construction sector and the largest since HD Supply(HDS) raised $1.1B in June 2013. SUM priced at $18 and is currently at $21.10.
Sentiment: Strong Buy
Brokerages Set The Blackstone Group L.P. Target Price at $42.33 (NYSE:BX)
March 15th, 2015 - 0 comments - Filed Under - by Thomas Dobrow
Shares of The Blackstone Group L.P. (NYSE:BX) have received an average recommendation of “Buy” from the twelve analysts that are presently covering the company, Analyst Ratings News reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $42.71.
The Blackstone Group L.P. (NYSE:BX) opened at 37.95 on Thursday. The Blackstone Group L.P. has a 1-year low of $26.56 and a 1-year high of $39.62. The stock has a 50-day moving average of $37. and a 200-day moving average of $33.. The company has a market cap of $22.86 billion and a P/E ratio of 14.71.
The Blackstone Group L.P. (NYSE:BX) last released its earnings data on Tuesday, February 10th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the 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.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating and set a $39.50 price target on shares of The Blackstone Group L.P. in a research note on Thursday. Analysts at Deutsche Bank reiterated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of The Blackstone Group L.P. in a research note on Friday, March 6th. 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. Finally, 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.
surely bx will be sniffing around the entire energy patch with eni starting the mega sale.
Eni to Cut Spending, Slash Dividend and Sell Assets Amid Low Oil Price
Italian oil and gas company plans to sell $8.5 billion of assets over next four years
maybe it works something like this...
investors invest billions with bx to make savvy investment decisions for them! bx calls this assets under management or aum. bx then buys bargains such as Hilton, FSL etc. and fixes them and let's them grow in investor funds. bx gets fees for all their time, trouble & expertise and then a piece of the profits pie...the 2 & 20 p/e model.
as i wrote before, to me, bx is a bookie collecting the vig and also a piece of the winnings! not a bad business to be in if you know what you're doing for your investors.
clearly, bx is the best p/e firm in the world these days and likely to remain so and to continue to grow profits for its investors and, consequently, for us, bx shareholders.
or read a book or article on how the p/e industry works...let us know what you find out. :)
Top Institutional Holders
Holder Shares % Out Value* Reported
Blackstone Group L.P. 196,136,895 64.56 4,948,533,860 Dec 31, 2014
TPG Group Holdings (SBS) Advisors, Inc. 196,136,895 64.56 4,948,533,860 Dec 31, 2014
Carlyle Group L.P. 196,136,895 64.56 4,948,533,860 Dec 31, 2014
Capital Research Global Investors 14,632,740 4.82 369,184,030 Dec 31, 2014
Vanguard Group, Inc. (The) 8,419,438 2.77 212,422,420 Dec 31, 2014
JP Morgan Chase & Company 7,795,556 2.57 196,681,877 Dec 31, 2014
Wellington Management Company, LLP 7,118,703 2.34 179,604,876 Dec 31, 2014
JANUS CAPITAL MANAGEMENT, LLC 7,065,779 2.33 178,269,604 Dec 31, 2014
FMR, LLC 39,429,958 12.98 994,817,840 Dec 31, 2014
Voya Investment Management LLC 5,260,713 1.73 132,727,788 Dec 31, 2014
BX shows it owns 196 million plus hares of FSL..but the institurional holdings shows on this Yahoo site that 3 companies own the sam amount each 64%.and FMR owns 13%..doesnt add up..I have seen that before but BX's position shows the full 196 million shares.. guess I will try to call Monday and see what is correct..either way FSL is a big winner for BX and will bring in some big dividends...
Credit Suisse thinks Blackstone's (BX) soon-to-be spun-off corporate-advisory unit should be valued at $1.5-2.0B, based on PJT Partners' 2014 earnings of $85-$90M and the 16-26 times trailing-earnings multiple the likes of Evercore (EVR), Greenhill (GHL) and Lazard (LAZ) carry. The investment bank also expects PJT's profit to grow 10% annually as it sheds conflicts associated with being part of BX--such as representing other private-equity firms and, further out, defaults rising from "extremely low" current levels given how much junk-rated debt has been issued last 3 years. That would give PJT's restructuring practice new mandates.