On the FCX board....ecartmen1997 • 10 minutes ago
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wow! this has to be a buy here? right??
this was $20 just weeks ago
I also own MLPs..
Jim Cramer addressed the MLP bloodbath yesterday on RealMoney, positing that it is the result of a "big liquidation" from a single fund that owns the energy MLPs. "These stocks are being liquidated and it isn't because of their fundamentals," Cramer wrote. "It's because some unnamed moronic fund is out there flailing, dangerous, selling everything and when he's through the bear market in them will be done."
Seen sell offs before...long term holder here..never can figure it out.. momentum traders running here..disappointed :)
feel sorry for you guys with nothing else to do but argue with each other...clogging the board with nonsense. hopeless people here..cant control themselves.. sad to see what friends you have.. ciao bambinos
well always a surprise with this and other stocks..nature of the game.. speculators are in control right now..I did see something on Bloomberg TV last night about congress looking into carry trade situation. long term holder here has done well:).. nice payout..
International investors are benefiting from a 31 percent weakening of the krone against the dollar and 6.7 percent versus the euro in the last 12 months. It follows Citycon Oyj’s 1.5 billion euro ($1.6 billion) acquisition of Norwegian shopping-center owner Sektor Gruppen ASA in May.
One of the simplest ways for companies to communicate financial well-being and shareholder value is to say “the dividend check is in the mail.” Dividends, those cash distributions that many companies pay out regularly to shareholders from earnings, send a clear, powerful message about future prospects and performance. A company’s willingness and ability to pay steady dividends over time – and its power to increase them – provide good clues about its fundamentals.
Many investors like to watch the dividend yield, which is calculated as the annual dividend income per share divided by the current share price. The dividend yield measures the amount of income received in proportion to the share price. Dividend yield is an easy way to compare the relative attractiveness of various dividend-paying stocks. It tells an investor the yield he/she can expect by purchasing a stock. Dividend yield is the relation between a stock’s annual dividend payout and its current stock price. Depending on how much a stock price moves during the day, the dividend yield is constantly changing as the price of the stock changes.
Blackstone Group LP (NYSE:BX) has been paying dividend since 2007 and made 4 payments in last 4 months. The company now holds an annual dividend yield of 6.90% and a 5 year dividend growth rate of 33.05%. The stock floated between $41.53 and $42.15 during the last session, leaving market capitalization at $49.21 billion.
KKR & Co. L.P. (NYSE:KKR) first paid dividend in 2010 and currently has a dividend yield of 7.80%. It has a 3 year dividend growth rate of 45.73%. The stock in the past 52 weeks has been trading in the range of $18.84 – $25.58. The market value of this company has reached $19.90 billion.
12:50 EDT - Blackstone (BX) is set to make a windfall on the pending buyout of 78%-owned residential-system firm Vivint Solar(VSLR) . The company, incubated as part of BX's investment in home automation and security-services company Vivint, initially relied upon its salesforce, installation team and back office, something BX managing director Peter Wallace describes as a significant advantage in driving VSLR's fast growth. BX will take around $560M in SunEdison(SUNE) stock and convertible notes as part of the sale. SUNE, like many acquirers of late, sees its shares rise post- deal, climbing 2.4% in hitting a fresh 7-year record. SolarCity(SCTY) , the largest rival to VSLR, jumps 8.3% after sliding the past 2 months. For its part, VSLR has never closed at or above last fall's $16 IPO price.
Blackstone's Fund Raising
Blackstone has taken in $94 billion during last 12 months.
Notably, Blackstone now has undrawn capital, or "Total Dry Powder" totaling $81.1 billion, (up 80 percent Y/Y), primarily driven by funds raised by BX global private equity and real estate funds.
In addition, the two global funds were over-subscribed, according to CEO Steve Schwarzman, putting Blackstone in the position of having to turn away capital.
Blackstone Conference Call Highlights
Schwarzman pointed out, "Despite the headwinds in the public markets, we continued to deliver superior returns for our investors. In private equity, we outperformed the S&P by 370 basis points in the quarter and in real estate, we beat the REIT Index by 1250 basis points."
He continued, "In a rising rate environment, I expect our portfolio, including real estate and credit to continue to perform well, which it has historically in that type of environment; and that is because rising rates have usually come accompanied by better economic activity.
"Our credit and hedge fund platforms are scaled drivers of our financial results. Those businesses are now $150 billion of AUM or 40 to 45 percent of the firm, up from $39 billion in 2007. Those two businesses have generated over $1.4 billion in revenues over the last 12 months.
"When our investors give us a dollar, we've generated $2.00 to $2.50 on average in our private equity and real estate funds across markets and economic cycles for 30 years – this is not a one-time event."
He concluded, "With the explosive growth of the last 12 months and continuing momentum in our fundraising, we will soon have over $330 billion of money at work creating earnings which will drive significant value for unit holders to a new level reflective of that 50 percent increase in assets at work."
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Will Blackstone (BX) Stock be Helped by This Analyst Action?
ByEiffy LuoFollow | 07/17/15 - 11:09 AM EDT
Get TheStreet Quant Ratings' exclusive 5-page report for (BX) - FREE.
NEW YORK (TheStreet) -- Blackstone Group (BX - Get Report) had its price target increased to $47 from $45 at Jefferies, which reiterated its "buy" rating.
In the current quarter, Blackstone raised $31 billion from various different investors including roughly 50% from outside the U.S., according to the analyst note.
"Despite continued elevated realization activity in recent periods, accrued performance fees as of quarter-end remained robust at $3.80 per unit, and activity levels across the businesses remain high," Jefferies analysts said.
Over the past year, Blackstone has raised $93.9 billion for an array of funds, which exceeds the total assets managed by rival Ares Management LP (ARES) and is just shy of the $99.1 billion KKR & Co. (KKR) said it managed as of March 31, The Wall Street Journal reported.
Blackstone announced its second quarter earnings results yesterday with $0.21 earnings per share on $1.2 billion revenue, down from $0.85 EPS on $2.2 billion revenue for the same period last year.
Blackstone is a global alternative asset manager and provider of financial advisory services, focusing on private equity, real estate, hedge fund solutions, secondary funds and credit business.
Shares of Blackstone Group are down 0.52% to $41.74 in mid-morning trading Friday.
Separately, TheStreet Ratings team rates BLACKSTONE GROUP LP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLACKSTONE GROUP LP (BX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Blackstone Meets Revised Thomson Reuters Consensus -- Market Talk
DOW JONES & COMPANY, INC. 6:39 AM ET 7/16/2015
9:39 EDT - Blackstone (BX) met Wall Street's expectations after all. Thomson Reuters revises consensus for BX 2Q economic net income per share to 43c, from 47c earlier after removing an outdated prediction from an investment bank no longer covering the firm. The tweak brings BX from a miss to meeting expectations as firm reported 43c economic net income, which accounts for unrealized gains and losses on investments as well as cash earnings. BX falls 1.6% to $40.67.