The trail the share price has followed over the second half of this year is complete and utter crapola. It makes no sense whatsoever. There's a disconnect between earnings, p/e, yield...and the stock price. I can't remember seeing a stock so over-sold (manipulated). Where ever traders want the share price to suit their needs, it goes. Options expiration approaching? Bet your #$%$ the stock will get manipulated to whatever point the big money wants it. Our markets blow. Casino opens tomorrow at 9:30.
is a perfect example of the manipulations going on in BX, the most manipulated stock I've ever seen. With options expiry this week-end, there was plenty of motivation to hold the share price at a certain level. You tell me how a stock as volatile as BX can hug a very specific level, in this case 31.40, for most of the trading day? Because it served a very specific purpose, that's why. The fix is in and the casino opens in 27 minutes.
You have no idea what you're talking about. This swoon has nothing to do with company performance, which is outstanding.
What? No news? No major events moving the share price? Nothing? That's right, just traders whacking off.
Up a buck yesterday. NIce. But for no reason. Last week on Thursday, down a buck. Also for no reason. Not so nice. But it's fantastic for traders, isn't it? The short term performance of this stock has absolutely NOTHING to do with the company and its success. Nothing. Day to day, this stock is driven 100% by traders. Everything you hear and read here about trend pure BS. Yeah, it's traded sideways for three months, but tell me why a stock apparently going nowhere would have intra-day swings of 5% and more? I'll tell you why. The casino is open. Long term, the company's health is robust and the business plan is a huge winner. Play all you want, but stop the chatter about trends and trying to panic us into selling. I'm not sitting here staring at my computer screen all day, I'm busy having a life, collecting 7-10% on my investment (for me personally, it's closer to 15%). This talk about cutting the distribution is mindless drivel. The payout will vary; the company has said as much. I'll bet any professional trader that the next distribution will be a hell of lot bigger than 49 cents.
Opens very high, sells off immediately...THE CASINO IS OPEN. Look for a gradual rise later today after traders finish choking their chickens with the astro-glide. Pass the kleenex.
Has BX announced a cut in the distribution for next year? NO. Until they do, I expect to see something equal to or greater than this year's distribution.
Here's the flaw in your argument...the yield isn't simply 4 X this quarter's payout. You need to do better research. Lazy financial sites that haven't done complete research simply multiply the current quarter divvy by four, but BX divvy fluctuates. .49 was by far the lowest of the year. The other three payouts were all closer to .80. It will rise again in coming quarters. I'm surprised that someone professing to be a professional trader is making the same mistake as the yahoos at yahoo.
Watching to daily gyrations of this trader's darling stock and the many misconceptions about the yield, I checked the last four payouts. Adding them together, BX paid me $2.90/share over that last twelve months. Considering my average cost per share, ($18) this is a yield of appx. 17% (ROI). So I guess I'll keep holding. Interesting adversarial relationship between traders and investors. Kind of like the mongoose and the snake. You choose which is which.
Yes, pt, the longer term trend is down, but the longer, longer term trend is up. I've traded it in the past, but my current situation and age dictate otherwise. I'll take the 8% yield and avoid the games.
You want an example of what I'm talking about? Look at today's trading. Down over 2% in the first 15 minutes. OVER WHAT? Traders jerking off, that's what. It's a head fake. Watch it go up later today.
The BX divvy (and it's not a dividend, it's a "partnership distribution") has been highly liquid; it's gone up over the past year or two as the company's share price has soared. Might it go down with the recent drop in share price? Sure. Lots of talk here lately over the lack of trend. It's all BS. Look at yesterday's range - 3%! What's that all about? NOTHING! This stock is a trader's plaything! And it's been a trader's darling for many, many years. The health of the company itself? Freaking ROBUST. My God, the investment in oil alone, in a couple years, is going to yield crazy good numbers. The business plan is sound - scooping up distressed assents (which are abundant) and turning them over for fat profits. The investigation into questionable fee structures? A minor irritation. That recent $39 million fine? BX farts that after a good breakfast. Did you see the share price rise after it was announced? BX is the gold standard in private equity. Best of breed. Short term, traders will manipulate the *&%#$ out of it. Long term, a huge winner.
Oppenheimer came out this morning with an "outperform" rating on BX stock, while good ol' boy Zack says "strong sell." Dang.