once real estate finally cools off they are going to get hit hard. That is true, however their cash levels are unreal. Surprised the market doesn't assign much value to it
They do have a sound plan it seems, however....any and every stock that has appreciated tremendously is implementing a buyback...buybacks are fueling this stock market rally
simple...it all comes down to whether the company thinks their stock is undervalued or not. CG said it was so cheap in the 11 range. Look at it now....they bought up a ton of stock. BX said they are worth 90+++ and did nothing (very odd) when you get that much a discount you buy hand over fist.
Something is not adding up with BX anymore.... Now any comfort to longs you need above 30.5-31 to really start a new uptrend. But its looking bleak with no catalyst.
CG is robust KKR off lows after posting a loss and this keeps trending down.
and the distribution is getting axed.....will next QTR too.
Sinking ship, CG is the new play
Sandy don't listen to them......Worthless. But to play the bull case given the market scenario it should be at 32 right now.
Price pays and its telling us something is wrong
? correct me if I am wrong but he is attempting to sell assets at great prices......what is wrong with that? Once a deal goes through you will see this rip to 4-5 short term