Too bad I purchase this stock at the IPO price and held on to it!
$34 and change and it was back in 2007? I think. The DOW is at the peak and this is not even close to the IPO price closing in on 6 years. I did receive dividends so I not complaining much but still - you would think that Blackstone should be higher now then it was at the IPO.
It ran into real estate dark age period thereafter. That is why. It is bottoming out and trend will be up. But to what level will it run is a question. It is paying nice dividend now so holding isn't a bad idea. Just hope it does not come back down to 12 ranges again which I doubt it would happen any time soon.
I too bought it at the IPO, but I also bought twice more as it went down fo an avg of about 22.
With divvies, Im ahead at this point. But the best is yet to come from BX. there is going to be a lot of
divestitures over the next year or two and since its charter forces it to pay out 90% of its capital gains, there
will be plenty of distirbutions and lots of divy increases. You held it this long, might as well enjoy the future revenue stream it will bring you over the next few years. By that time it will have at least reached low 30s