Also, BX had it's IPO at the wrong time, during the financial meltdown while being heavily invested in real estate ... you repeatedly fail to acknowledge that. This proves you have a hidden agenda.
Risk reduction through DIVERSIFICATION!!! Sheesh ... you are proving yourself to lack knowledge of the most basic investing premises ... and the worse thing is, you have no clue how silly you sound
VSLR is more risky than BX? You are absolutely wrong. BX's success is based on the success of its portfolio companies. VSLR is one the best companies in BX portfolio company. If its best portfolio companies fail, how BX can be insulated? In addition, VSLR had its IPO at a wrong time, when energy price dropped. This creates a good time to buy VSLR. But even in its worst day, VSLR held around 50% of its IPO price. BX once lost about 85% of its IPO price. Which one is more risky? I don't hate BX. I just think that better risk/reward exist in other stocks such as VSLR. I also like Summit Materials, another BX portfolio company. If BX's recent IPOs both fail, do you think that its price is going up? On the other hand, if both VSLR and SUM succeed, money goes LPs and Steve. All you give is another promise. I was going to upgrade you IQ above the first percentile you announce. Maybe, more work is needed.
Well, the market went up about 0.5%, BX went up about one-fifth as much. It's not too bad, considered the pattern of its price after earnings conference. Is it possible that the euphoria on this board is wrong?
make2915, I don't expect any answer from your intelligence or knowledge. Please ignore my message. I know that your month is dirty. You demonstrated that you love "BS" and certain part of a rat. Maybe, that's how you were brought up. Maybe, that's how you are fed. Maybe, that's how your family interact with each other. Or maybe, that's the manifestation of your genes from you ancestors. I don't want to judge anyone. However, there is no need to foul this board again.
Over the last several months, private equity firms have been raising billions of dollars to invest specifically in energy. They're preparing to refinance sinking energy companies, buy their distressed debt and otherwise outright buy and own the production or the underlying assets that cheap oil has forced up for sale.
Must Read: Warren Buffett's Top 10 Dividend-Paying Stocks for 2015
Just about every big PE firm has raised mega-billion dollar funds for deployment into the energy space: Warburg Pincus raised its first energy fund, a $4 billion effort last October. That's been followed by a $3.5 billion fund from Blackstone, $5 billion from Energy Capital Partners, and almost $10 billion in two funds by Carlyle Group (CG).
These players along with other PE monsters like Apollo Global Management (APO), KKR (KKR) and Tudor Pickering Holt have raised an estimated $38 billion dollars to deploy on energy fixed income and production assets.
Blackstone has raised a specific energy fund, even after pushing $500 million of fresh capital towards energy producer Linn Energy (LINE) in January of this year for 85% of future production in developing wells. The structure of the Blackstone/Linn deal has been a model for the kinds of structured finance and assets the private equity world is looking to purchase over the next two years. That deal was very advantageous for Blackstone and offers minimal risk, while the upside, especially if oil prices recover above $75, are huge.
One thing that seems clear is mega-funds raised for private equity firms will be deployed into assets, increasing PE's influence in energy. Besides just owning debt or underlying equity, we will see many of these firms take on the responsibility of real oil- and gas-producing assets as well as pipelines and storage. In many ways, Blackstone is about to become, at least in part, an energy company.
And, by all indications, a really well-positioned one. For a long-term investment in energy, it might be the best oil company out there right now.
Typically it is set close minus the dividend but some people hold on for the dividend but find no reason to hold longer. Buyers would have bought the day before to get the dividend so now that they missed it why would they by the next day unless it was discounted. They would not normally do this.
The Blackstone Group L.P. (BX) (Previous Close: $41.72, Get Quote) (Ratings, Earnings and Dividend History)
The Blackstone Group L.P. (NYSE:BX) declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Monday, April 27th will be given a dividend of 0.89 per share on Monday, May 4th. This represents a $3.56 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date of this dividend is Thursday, April 23rd. This is a boost from The Blackstone Group L.P.'s previous quarterly dividend of $0.78.
So, why do you think it will fall more than the .78 or so it's paying out ? To discourage div. capturers ?
No stock hunter. Only TODAY matters. You need only hold today until it opens tomorrow. TODAY is the day the matters. It will open down tomorrow but often the stock falls more like some have said. I say under $39 in next few days. Short term sell here then off again.
you dont see what the after hour volume is!!!!! it is just window dressing with a few shares traded..many stocks have that effect..dont know why...ignore the movement unless a of of volume is shown..
If that's true, which is often true, then you should see the upward movement TODAY
since this is the last trading day to buy in and get this div. Not up much at all ...yet!
Unless I'm mistaken, the ex div date should only be causing a upward move until after tomorrow since you need to hold the stock on 4/23.
Remember, this growing monster stock works with Billions, and usually moves accordingly (vs a small or small midcap). What will be interesting is to see if & how much she drops today/tomorrow (ex div date tomm.).
In theory, shouldn't drop more than .78, but some have said it'll go under 39 ? We'll see.
its pretty weird that it gets bid all the way up to 42.15 pre-market only to fall to 41.60 in the first 30 min. Why would they be buying that high pre-market?