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GameStop Corp. Message Board

sam_0534 198 posts  |  Last Activity: Apr 28, 2016 12:29 PM Member since: Feb 8, 1998
  • sam_0534 by sam_0534 Mar 19, 2016 12:47 AM Flag

    Hilton may be a precedent for what the Anbang group sees in Starwood.

    Presently, Hilton is in the process of spinning its trove of real estate assets from its hotel operating business. The company, like Starwood, is also spinning its timeshare and vacation rental business.

    Anbang bought the Waldorf-Astoria from Hilton in late 2014. Months after buying the Waldorf, it unveiled a plan to convert the storied hotel into condominiums. It is also in the process of acquiring a $6.5 billion portfolio of hotels from Blackstone Group, the PE firm that controls Hilton. As a Chinese insurer seeking investments abroad, North American real estate may be a perfect fit for Anbang, particularly as foreign investors have been snap property in large urban centers

    “Anbang sees a great deal value in the real estate even if it does not initially carry a high internal rate of return,” says R.W. Baird’s Loeb. “They value the real estate differently than Marriott,”

  • Hilton may be a precedent for what the Anbang group sees in Starwood.

    Presently, Hilton is in the process of spinning its trove of real estate assets from its hotel operating business. The company, like Starwood, is also spinning its timeshare and vacation rental business.

    Anbang bought the Waldorf-Astoria from Hilton in late 2014. Months after buying the Waldorf, it unveiled a plan to convert the storied hotel into condominiums. It is also in the process of acquiring a $6.5 billion portfolio of hotels from Blackstone Group, the PE firm that controls Hilton. As a Chinese insurer seeking investments abroad, North American real estate may be a perfect fit for Anbang, particularly as foreign investors have been snap property in large urban centers

    “Anbang sees a great deal value in the real estate even if it does not initially carry a high internal rate of return,” says R.W. Baird’s Loeb. “They value the real estate differently than Marriott,”

    Sentiment: Buy

  • Reply to

    Good article on Real Estate, REITS and BX

    by sam_0534 Mar 18, 2016 6:45 PM
    sam_0534 sam_0534 Mar 18, 2016 6:58 PM Flag

    sorry not BXN, it is BRX..BX owns 36% of BRX whichj came public at 20.. now 24.59.. will probalby sell some this year.

  • BX also owns BXN and associated with BXMT......Real estate experts estimate that as much as $100 billion of new investment dollars will flow into real estate securities, mostly REITs, as a result of the new real estate sector, though some estimates are far lower.

    It will be the first new sector class since GICS was formed in 1999 by Standard & Poor’s and MSCI Barra. Real estate is currently sheltered within the broader “financials” category.

    “Investors look at depressed share prices and see a good valuation opportunity (in REITs),” Grupe said.

    That may be one reason M&A REIT activity, which went quiet in 2007, is revving up. Since 2015, 13 publicly traded REITs announced deals, with total transaction value of $50.9 billion, Lail said. Blackstone (BX) scooped up three REITs last year, and it is now selling its hotel portfolio to Anbang.

  • Reply to

    good to see the Emerging markets break out

    by sam_0534 Mar 17, 2016 2:22 PM
    sam_0534 sam_0534 Mar 17, 2016 9:25 PM Flag

    Oil going UP, EMM going up BX goimg UP.. that is not SPAM

  • FSAM and their companies are a disaster..

  • after they bottoming action.. symbol.. EEM...

  • ds.

    March 15, 2016, 1:25 P.M. ET
    Alts Have ‘Best Business Models’ Oppenheimer’s Seen In 30 Years
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    By Teresa Rivas

    Oppenheimer’s Chris Kotowski and his team have an update on alternative asset managers Tuesday, writing that private-equity based firms “have the best business model that we have encountered in more than 30 years of following financial stocks,” with real added value over traditional asset managers.

    Despite this, the stocks “languish” at less than 7 times his 2017 cash distributable earnings estimates, an unfair discount, Kotowski writes. His favorites in the space are Blackstone (BX), Carlyle Group (CG) and KKR (KKR).

    Details from the note:

    Over the past five years, the Alts have enjoyed 14.5% AUM growth vs. just 7.4% at the traditionals. This discrepancy has translated into a similar gap in revenues as the Alts have grown theirs at 16.2% and the traditionals only 5.5%.

    Moreover, the Alts have been able to earn an average fee rate of 2.1% on their AUM versus just 0.4% for the traditionals. Clearly the latter is the more commoditized service as the Alts are able to earn the higher fees by virtue of generating outstanding returns on long-term “locked-up” capital.

    The Alts also have a higher operating margin at 47% on average vs. 36% for the traditionals. So why should the Alts trade at a discount. Presumably the answer is that “carry” is an important revenue source (at 52% of the total”) and it is volatile.

    Volatility, however, is not the same as uncertainty. Multiple data sources we use in this report show that PE funds have generated a ~17% IRR over time, and from looking at the annual data, we can estimate that the PE industry has generated carry on ~86% of all gains. Thus, in our view, it is more a question of “when” we get the carry than “if.”

    He also raised his price target on Blackstone by $1, to $32, but lowered his target on KKR by $5, to $23, but reiterated Outperform ratings on both, along with Carlyle. He has Perform ratings on Apollo Global Management (APOL) and Fortress Investment Group (FIG).

    Sentiment: Buy

  • Reply to

    New Presentation Out

    by wimuskyfisherman Mar 15, 2016 11:32 AM
    sam_0534 sam_0534 Mar 15, 2016 12:42 PM Flag

    I saw that.. hope they will get so support and partnerships.. the outlook looks good so wonder why no companies are interested in IPCI

    Sentiment: Buy

  • often just moves with oil and the market and speculators......not fun to watch nervous nellies reacting :)..stocastics was very overbought but as can be observed it is coming down

  • Reply to

    Wait for the Green proxy!

    by tvbx Mar 11, 2016 6:06 PM
    sam_0534 sam_0534 Mar 14, 2016 9:44 PM Flag

    Management has FAILED.. on any metrics..Will vote GREEN and kick them out..

  • sam_0534 by sam_0534 Mar 14, 2016 2:00 PM Flag

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    The Federal Reserve may have set the ball rolling for interest rate increases, but the stock market's decline early this year and concerns about global growth could mean U.S. rates rise very slowly.

    Sustained lower interest rates will make high-yield real estate investment trusts a popular investment in this volatile market.

    One undervalued REIT is Blackstone Mortgage Trust (BXMT - Get Report) , a real estate finance company that originates and acquires senior loans collateralized by properties in North America and Europe. It's among the best growth-and-income plays you can find right now.

    STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days.

    When interest rates are low, Blackstone Mortgage Trust is a great investment, with its attractive yield and great potential for earnings growth.

    Must Read: 3 Toxic Bank Stocks With Energy Sector Overexposure



    For starters, the company has an extremely attractive dividend yield of nearly 9.5%.

    The company paid out $204 million in dividends in 2015. This was almost entirely covered by its net income of $197 million, which actually more than doubled from 2014.

    The REIT's senior mortgage lending business grew at an incredible pace in 2015, and management said it drove a 31% increase in core earnings per share. Its acquisition of GE Capital Real Estate mortgage loan portfolio provides it with added muscle to achieve higher earnings.

    Company executives say that their focus on senior loans that Blackstone sources and underwrites positions the REIT to succeed in difficult markets. They say they've avoided higher-risk mezzanine loans and don't own any commercial mortgage-backed securities.

    Exclusive Look Inside: You see Jim Cramer on TV. Now, see where he invests his money. Check out his multi-million dollar portfolio and discover which stocks he is trading. Click here to see the holdings for 14-days FREE.

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  • Starwood Hotels & Resorts Worldwide Inc. (HOT) has received a $12.8 billion takeover offer from a group led by China'sAnbang Insurance Group Co., threatening to upend Starwood's tie-up with Marriott International Inc.(MAR)

    Anbang's move is the latest by Chinese companies looking to snap up properties in the U.S., as they view the high- quality real estate as a haven for savings.

    Under the new proposal, the consortium would pay $76 a share in cash for all shares outstanding of the company. The offer is a 7.9% premium to Starwood's closing stock of $70.42 on Friday. Marriott's(MAR) cash-and-stock deal is worth $65.38 a share, or about $11 billion, according to Friday's closing price.

    Marriott (MAR), which noted it was still committed to its deal for Starwood, said Monday that the rival consortium was led by Anbang, which in October of 2014 struck a deal to buy Hilton Worldwide Holdings Inc.'s(HLT) flagship hotel, the historic Waldorf Astoria in Manhattan, for $1.95 billion.

    Chinese investment firm Primavera Capital Group and J.C. Flowers & Co. are also part of the group making the offer, a person familiar with the matter said. Starwood itself didn't name members of the group that made the offer.

    Marriott (MAR) also noted that if Starwood were to terminate its existing merger deal, it would owe Marriott(MAR) a $400 million cash termination fee.

    Shares of Starwood rose 8.1% to $76.11 in early trading. Marriott(MAR) shares rose 3.1% to $71.

    Starwood said its board hadn't changed its recommendation in support of Starwood's merger with Marriott(MAR), but that it is open to talks with the rival bidder.

    The owner of the Westin and Sheraton brands among others, Starwood said it received the offer March 10 and began discussions with the consortium a day later, after it got a waiver from Marriott(MAR) allowing it to engage in discussions with the consortium.

    Starwood's window of time for considering rival offers expires March 17. Shareholders of each company are expected to vote on the Marriott(MAR) deal March 28.

    Chinese buyers have pushed to buy U.S. hotel properties lately. Asian buyers in recent years have acquired New York'sPlaza Hotel and Carlyle Hotel at prices that exceeded $1.4 million a room, according to hotel data tracker STR Analytics.

    Anbang is also near a deal to buy Strategic Hotels & Resorts Inc. from a Blackstone-managed real-estate fund, people familiar with the situation said. That deal would give Anbang a substantial presence in luxury hotels across the U.S. The price Anbang is paying couldn't be determined, but Blackstone is expected to turn a profit after taking the company private in December.

    Once a provincial car insurer, Beijing-headquartered Anbang has leapt onto the global stage by making several high- profile deals. The company has spent billions purchasing part or all of insurers in South Korea, Europe and the U.S., as well as taking stakes in listed Chinese developers, a bank, a traditional Chinese medicine maker and a wind turbine manufacturer.

    Primavera Capital Group, meanwhile, is a China-based private-equity firm founded by Chinese deal maker Fred Hu, the former chairman for Greater China at Goldman Sachs Group Inc.(GS) A prominent investment banker and economist, Mr. Hu led Goldman's $2.9 billion deal to take a 5% stake in Industrial & Commercial Bank of China Ltd.(IDCBF) After earning a Ph.D in economics at Harvard University, Mr. Hu returned to China and built close ties with a range of China's most important financial officials.

    Primavera was also an investor in Alibaba Group Holding Ltd.(BABA) before its initial public offering as part of a financing package raised to repurchase half of Yahoo Inc.'s(YHOO) stake in Alibaba(BABA). Mr. Hu's role in that deal and close relationship with Alibaba(BABA) executive chairman Jack Ma won Primavera a coveted investment in Alibaba(BABA) affiliate Ant Financial Services Group, China's most valuable Internet finance company, last year.

    Chinese companies have done more than $84 billion in deals since the start of the year, according to Dealogic, setting them up to top the record $108 billion of Chinese outbound acquisitions reached last year. Fueling these takeovers are relatively loose regulations that allow insurers, funds, trust companies and others outside the formal banking sector to issue higher-yielding trust and other investment products.

    Marriott (MAR) agreed to acquire Starwood in November. The combination would create the No. 1 hotel company globally—with more than a million rooms—and bring together 30 brands across all lodging segments, from Starwood's higher-end W Hotels and St. Regis brands to Marriott's(MAR) limited-service offerings like Courtyard by Marriott(MAR) and its extended-stay chain Residence Inn.

    Sentiment: Buy

  • The Chinese had expressed interest in HLT before.. BUT remember it is Invitation Homes that own 50,000 single family homes worth 12 Billion that will make BX a fortune IMHO :)

    Sentiment: Buy

  • is the stocastics are Deeply oversold...will see how that works out

    Sentiment: Buy

  • 5,000 just sold..

  • Blackstone Group L.P. (NYSE: BX) was downgraded to Hold from Buy and the price target was cut to $28 from $30 (versus a $27.37 prior close) at Deutsche Bank. Blackstone has a consensus analyst price target of $33.89 and a 52-week trading range of $22.31 to $44.43.

  • and the stocastics were very overbought for the stock and market...so this weakness was anticipated....and then there is OIL !!!!

  • Reply to

    no ipo market...give me a break

    by sandyraveon Mar 9, 2016 8:05 PM
    sam_0534 sam_0534 Mar 9, 2016 9:24 PM Flag

    Well Invitation Homes valued at 12 BILLION will get BX to 40 :).. And HLT REIT will help

  • BX 27.62up -0.63 (-2.23%)
    QUOTES AS OF 04:01:30 PM ET 03/09/2016
    04:53 PM EST, 03/09/2016 (MT Newswires) -- Travelport(TVPT) was unchanged in after-hours trading Wednesday night and the travel commerce platform company announcing a secondary offering of slightly more than 10.6 million shares by Angelo Gordon Funds and Travelport Intermediate Ltd., an investment vehicle managed by the Blackstone Group(BX) , according to a company statement and a preliminary prospectus filed last November. .

    The company is not selling any shares in the offering and will not receive any of the proceeds.

    Price: 13.41, Change: -0.28, Percent Change: -2.05

GME
32.80-0.10(-0.30%)Apr 29 4:02 PMEDT