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Apollo Global Management, LLC Message Board

  • johnstoncityavon johnstoncityavon Jan 11, 2014 11:55 AM Flag

    do we buy more???

    Should my family buy more APO or AINV,or both?

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    • If you are a trader, I can't help you. If you are an investor, like me, I might wait a bit until it comes back a bit to say $31. Its had an incredible run and looks overbought. The stock will continue to consolidate while the market figures out how to estimate future dividends. INHO, Apollo has the potential to a pay steady dividend over the next several years out of their management fee income (somewhere between 2-3% at current prices) and lumpy special dividends from period dividends they get from their portfolio companies and realizations on harvesting investments (another 3-4%).

      I own this stock and have been recently have been adding shares and selling calls to get my purchase basis down to the levels indicated above.

      Sentiment: Strong Buy

 
APO
20.35-0.22(-1.07%)Aug 3 4:02 PMEDT