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The Blackstone Group L.P. Message Board

holding38 1 post  |  Last Activity: May 10, 2016 2:56 PM Member since: Jun 22, 2009
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  • holding38 holding38 May 10, 2016 2:56 PM Flag

    Penthouse, it seems you do not have a good grasp of your investment. The "dividend" of Blackstone is actually a limited partnership distribution of the lion's share of the company's cash flow. This will vary sharply from quarter to quarter depending on the level of realizations (sales). BX buys when prices are low, sells when assets have been restored/improved and prices are high. BX does not influence the price level (the Fed does). BX could sell when prices are low, but that would destroy its profitability and probably the company itself. If it does not follow such a foolish path, then the distributions will fluctuate over a wide range (I expect them at present to vary between 20 and 80 cents per quarter, trending higher over time). If you cannot live with that, then consider another, more traditional stock such as Johnson and Johnson--or even Blackstone Mortgage Trust (BXMT). Disclosure: I hold both BX and BXMT.

    Sentiment: Strong Buy

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