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The Carlyle Group LP Message Board

  • buyacramer buyacramer Sep 18, 2013 4:20 PM Flag

    Market at all time highs, most other PE firms at multiyear highs, what's up with CG?

    Even down today on a huge market up day. CG also 40% off highs for the year. Wouldn't it make sense that since the market is at all time highs, CG's portfolio companies are probably valued at or close to all time highs? Why is CG down trending in a bull market?

    And it really is CG specific. If you look at BX, APO, KKR, they are at either all time or multiyear highs. What is the disconnect with CG that I am missing?

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    • For YTD, CG is trailing around 20% for other private equity stocks (APO, KKR, FIG, BX). I think only 300k average trading volume may be the cause of the price depression. I am failthful to CG management and wish they can boost CG price like their holding firms.

      Sentiment: Strong Buy

      • 1 Reply to frank_kei
      • Management seems to think price is undervalued given the recent insider $4 million buy of CG stock at $26.88.

        I'm completely puzzled how CG is trading very close to 52 week lows while the majority of PE firms are trading at close to their 52 week highs. The market is also near all time highs, so you would think CG's portfolio of companies should have a high valuation and therefore CG's stock should be near the highs.

        I would like to see a few more insiders step up and buy shares at these levels. It makes no sense to me why CG is so low.

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