BX is selling more PBF....another secondary for taking profits...
Blackstone pays nearly a 3% dividend and has a good track record for being able to sustain and even raise that level. Standard & Poor's Ratings Services raised its issuer credit ratings for Blackstone to A+. Blackstone remains the highest-rated alternative asset manager.
It will report 4th quarter results sometime between January 27 and January 31 (to be announced). Analysts are looking for evidence of around an 8.5% EPS increase and a nearly 13% increase in sales growth and revenue. That would bring the annual revenue growth to almost 20% at $6.3 billion.
Look for 2014 to be yet another good year for both BlackRock and Blackstone. For those of us who aren't yet invested, let's hope for a mini-bear market or some kind of meaningful correction soon to give us a more tempting entry price.