beat on revs and CNF up an amazing 138% +++ that is going to mean massive growth in the future.
Nope buybacks are free money yet Stevie is holding the cash to himself....while cutting the distribution.
BX are the smartest guys in the room at taking other peoples money.
the company is doing well the stock is acting like junk
actually looks like buyout rumors are circulating. HAL just issued a release saying they are going to aggressively start buying up small companies. FTK fits this genre
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
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.
why would Stevie want to give back even more? Shareholders get enough with a paltry distribution that keeps getting smaller
odd the CEO delayed ER and cited this news so investors could let it 'sink in' Wouldn't hold my breath as these things can take sometime but FTK is in a great position.
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
For a reason. BLK is up big from the split. While BX remains stuck in the rut, if you bought @ sub 10 during the crisis that was fine, but now its just an over inflated dinosaur and the rich are finding ways to cut out BX and their fee
Despite the deal being off. Oil is coming back if it smacks the 40s you can get more demand and bids.....
Wait and see here no need to rush in as this will take some time
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
raise more capital and charge a fee for holding it. Excellent business model