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The Blackstone Group L.P. Message Board

sam_0534 231 posts  |  Last Activity: 13 hours ago Member since: Feb 8, 1998
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  • James Says Use Buyouts to Shoot Lights, Not Hedge Funds
    By Devin Banerjee and Saijel Kishan Sep 18, 2014 8:46 AM PT 0 Comments Email Print

    * Price chart for BLACKSTONE GROUP LP/THE. Click flags for important stories.
    BX:US33.150.42 1.27%

    Blackstone Group LP President Tony James said the decision by the $298 billion California Public Employees’ Retirement System to exit its hedge-fund investments was “wise” because the pension had “poor” returns on the $4 billion it invested in the asset class.

    “A lot of people think about hedge funds as a way to get higher returns,” James said today at the PartnerConnect LP-GP Summit in New York. “Hedge funds are a way to play the stock market with somewhat lower volatility and somewhat lower returns. You don’t expect hedge funds to get shoot-the-lights-out returns. You save that for private equity and for real estate.”

    Calpers, the biggest U.S. retirement plan, was one of the earliest public investors in hedge funds, hiring New York-based Blackstone (BX) in 2001 to help the pension fund allocate an initial $1 billion to the asset class. Calpers this week said it will pull its entire $4 billion in hedge-fund investments after officials concluded the program couldn’t be expanded enough to justify the costs. The fund produced a 4.8 percent annualized return on its hedge-fund investments over the past 10 years.

    The hedge-fund allocation was “not big enough to move the needle for them but big enough to require real resources,” Neil Chriss, the founder of hedge-fund firm Hutchin Hill Capital LP, said in a Bloomberg Television interview today. “So it made sense they were going to take it to zero or grow it significantly. Of course we worry, but what it tells us is we have to continue to offer differentiated returns.”

    Blackstone Relationship

    Blackstone, which manages $279 billion in alternative investments such as private equity, real es

    Sentiment: Strong Buy

  • Reply to

    BX stocastics turning up from the oversold 20 level

    by sam_0534 Sep 18, 2014 11:34 AM
    sam_0534 sam_0534 Sep 18, 2014 11:35 AM Flag

    here is chart link....http://finance.yahoo.com/q/ta?s=BX&t=1y&l=on&z=l&q=b&p=m50%2Cm100%2Cm200&a=m26-12-9%2Cr14%2Css%2Cv&c=

  • is a good low risk buy for those interested.. I have had my 3,000 position and just for your information...

    Sentiment: Strong Buy

  • Reply to

    will we see a new high?

    by noquickgame Sep 16, 2014 2:23 PM
    sam_0534 sam_0534 Sep 17, 2014 11:19 AM Flag

    would be nice but the stocastics and RS are pretty high and overbought.. so dont know how this will work out... holder of 800 shares here..

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    The Blackstone Group LP Files A New Real Estate IPO - Should Investors Be Excited?
    By Bill Stoller
    September 12, 2014 3:40 PM
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    .
    The Blackstone Group LP (NYSE: BX) is the largest alternative asset manager and one of the most sophisticated real estate operators in the world.

    It has recently been hitting on all cylinders, with its own shares up ~45 percent over the past year and paying a dividend yield of 6.77 percent.

    Bloomberg reported on September 8 that Blackstone had filed a registration statement with the SEC for its IndCor Properties, Inc. initial public offering as a REIT. IndCor owns and operates a portfolio of industrial properties, which according to a Bloomberg source will be valued at approximately $8 billion, based upon plans to raise about $1 billion through the IndCor IPO.

    Related Link: Digital Realty Trust, Inc. Returns 40% YTD And Has More Great News For Investors

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    Blackstone assembled its IndCor portfolio by creatively purchasing large portfolios of strategically located distressed industrial properties, including:

    Seeding the IndCor portfolio in 2010 with ~40 million SF resulting from a 180 property purchase from Prologis, Inc. (NYSE: PLD), and a separate purchase of 75 assets from a Prologis/Eaton Vance Corp. JV.
    In 2012, closing on the 65 property Dexus Industrial Portfolio and the (95) property CalWest Portfolio; thereby increasing the IndCor holdings from ~45 million SF to more than 85 million SF located in 23 states.
    During May 2013 IndCor along with Prologis closed on a 17 million SF portfolio of former Lehman Brothers assets, resulting in IndCor acquiring 9.5 million SF of industrial warehouse and distribution centers in Reno, Nevada.
    On Jan. 2, 2014 IndCor announced a seven million SF portfolio acquisition increasing exposure to industrial markets in Reno, Las Vegas, Chicago and Southern California, taking the overall portfolio up to 107 million SF.
    In late February 2014, IndCor announced a portfolio purchase of another 9.6 million SF on industrial facilities primarily located in Austin, Dallas, San Antonio, Denver, Portland and Los Angeles, along with 185 acres of entitled industrial land located in Texas.
    Currently the IndCor portfolio contains approximately 118 million aggregate square feet of 100 percent owned and managed industrial facilities located in 29 key markets in 23 states.
    How will IndCor compare with its peer group?

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    After its IPO, IndCor is likely to be ranked just below Duke Realty Corp (NYSE: DRE) based upon market capitalization and size of portfolio in the U.S. market. It will be interesting to see if IndCor will offer IPO investors a competitive dividend yield.

    The two highest yielding industrial REITs currently are Monmouth REIC at a 5.69 percent yield, and STAG Industrial paying a monthly dividend, with a non-compounded annual yield of 5.61 percent.

    Have Blackstone Sponsored REIT IPOs Performed Well Recently?
    Over the past year, Blackstone has sponsored the IPOs of three hotel REITs, including Hilton Worldwide Holdings Inc. (NYSE: HLT) record-setting $2.34 billion IPO in December 2013 and Brixmor Property Group Inc. (NYSE: BRX). Brixmor owns about 530 shopping centers, making it the second-largest neighborhood shopping center REIT with a current market cap of $5.8 billion.

    According to Bloomberg, as of September 8, Hilton is trading up 28 percent from its IPO price, while Brixmor is up 19 percent since its public listing. The other two Blackstone hotel IPO's -- Extended Stay and La Quinta Holdings -- are up 19 percent and 21 percent, respectively.

    Investor Takeaway
    When Blackstone sponsors an IPO, it typically remains the overwhelming majority shareholder and looks to exit its position gradually over time. This helps keep Blackstone interests aligned with those of its IPO shareholders. As always, investors should perform due diligence and seek professional advice prior to investing in any new offering.

    Sentiment: Strong Buy

  • Microsoft, Blackstone are Underpriced Giants Says Oceanic Manager
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    Source ETFs Unveils Euro Stoxx 50 Fund as Initial U.S. Offering

    02:05PM 09/16/14

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    9/16/14 2:10 PM EDT
    Microsoft Office is still the bedrock of business and now that the software giant's other products are catching on the stock is taking off, said Thomas Yorke, Managing Director at Oceanic Capital on Covestor. Yorke added that Microsoft has been very shareholder friendly with buybacks and dividends, and it has a massive pile of cash for M&A. Yorke is also bullish on shares of Blackstone, saying the private equity powerhouse trades at a cheap valuation considering its real estate holdings and dealmaking successes. Finally, Yorke said he remains bullish on the dollar as foreign central banks continue to weaken their currencies.
    Stock quotes in this video: MSFT, BX, UUP

    Sentiment: Strong Buy

  • sam_0534 by sam_0534 Sep 16, 2014 11:36 AM Flag

    Citigroup: Alternatives Are Oversold
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    By Johanna Bennett

    So far, 2014 has been a rough year for shares of private equity firms with the likes of Blackstone Group (BX), Carlyle Group (CG) and Apollo Global Management (APO) lagging the broader stock market.

    In fact, shares are Carlyle and Apollo have fallen 14% and 27% respectively since the start of the year, compared to a 7% rise by the S&P 500 index.

    Why? Investors fear that a mix of higher interest rates and high multiple private equity deals amid a booming stock market will temper the group’s ability to drive competitive IRRs. But Citigroup analyst William Katz contends that alternative asset managers are hardly “one trick ponies.” The industry is far more diverse now compared to past years and deal dynamics are far more sophisticated. Also, he added, the sector has put far less capital to work in private equity compared to past cycle, which should help “protect” deal IRRs.

    In fact, Katz argues in a 23-page note published today, that the group seems “quite oversold.” He writes:

    The Group at large screens quite inexpensively. However, given limited investor appetite, we continue to overlay liquidity and catalysts around our Buy ratings. BX, KKR and OZM remain our favored names – though lack of follow through by OZM on performance over the next couple of months could turn shares into “show me stock” deep into 2015. In turn, the recent pull backs in APO and CG clearly improve risk/rewards, in our view.

    Sentiment: Strong Buy

  • but hard to believe BX has under perperformed looking at their earnings record.....

    Sentiment: Strong Buy

  • BX is one of the of the holders of TRW

    Sentiment: Strong Buy

  • Reply to

    Rising Rates will Bring BX Down

    by goape4now Sep 14, 2014 1:46 PM
    sam_0534 sam_0534 Sep 15, 2014 9:22 AM Flag

    BX's BXMT a REIT just raised their dividend today..negative investors often are losers :)

    Sentiment: Strong Buy

  • up from 0.48

    Sentiment: Buy

  • The Blackstone Group LP (NYSE: BX) is the largest alternative asset manager and one of the most sophisticated real estate operators in the world.

    It has recently been hitting on all cylinders, with its own shares up ~45 percent over the past year and paying a dividend yield of 6.77 percent.

    Bloomberg reported on September 8 that Blackstone had filed a registration statement with the SEC for its IndCor Properties, Inc. initial public offering as a REIT. IndCor owns and operates a portfolio of industrial properties, which according to a Bloomberg source will be valued at approximately $8 billion, based upon plans to raise about $1 billion through the IndCor IPO.

    Sentiment: Strong Buy

  • sam_0534 by sam_0534 Sep 12, 2014 1:42 PM Flag

    Owners of the Weather Channel Cos. have held talks with banks about strategic options for the cable network, including a possible sale, Bloomberg News reported Friday, citing people familiar with the matter.

    Comcast Corp.'s (CMCSA, CMCSK) NBCUniversal Inc., Blackstone Group LP(BX) and Bain Capital, which bought the network in 2008 for about $3.5 billion, have held talks with J.P. Morgan Chase & Co. (JPM) and Goldman Sachs Group Inc.(GS) about options.

    A formal process hasn't started and a bank hasn't been hired, the people told Bloomberg.

    Sentiment: Strong Buy

  • sam_0534 sam_0534 Sep 12, 2014 12:18 AM Flag

    sorry no tax loss selling withthis stock...too bad you have losses in this positive market...missed the nice dividends too... no luck needed here with me or BX doing GREAT....no one misled me here...

    Sentiment: Strong Buy

  • sam_0534 by sam_0534 Sep 11, 2014 5:52 PM Flag

    Blackstone-backed Travelport's IPO expected to raise $480 mln
    REUTERS 2:42 PM ET 9/11/2014
    Symbol Last Price Change
    BX 32.57 0.06 (0.18%)
    QUOTES AS OF 04:02:10 PM ET 09/11/2014

    Sept 11 (Reuters) - Airline ticketing company Travelport Worldwide Ltd's initial public offering is expected to raise up to $480 million, the Blackstone Group LP(BX) -backed company said in a regulatory filing.

    The 30 million share offering is expected to be priced at $14-$16 per share, valuing the Atlanta, Georgia-based company at $1.9 billion at the top end of the range

    Sentiment: Strong Buy

  • BX was smart not to sell any HOT at the IPO of 20...bright guys!!!!! now with HLT at a high...good time to take some profits... any fools sell BS IMHO... good time for others to buy still...good dividend coming up next time I think..Hilton Secondary Offering May Loosen Blackstone’s Control
    By Chris Lange September 11, 2014 3:05 pm EDT

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    Hilton Worldwide Holdings Inc. (NYSE: HLT) has filed with the Securities and Exchange Commission to have a secondary offering. The Blackstone Group L.P. (NYSE: BX) will be acting as the Selling Stockholders for this offering of a total of 90 million shares with an option for an additional 13.5 million shares. The underwriters for the offering were listed as Deutsche Bank, Goldman Sachs, BofA Merrill Lynch and Morgan Stanley.

    Hilton was taken private in 2007 by Blackstone in a leveraged buyout for roughly $26 billion. This was a record buyout for a hospitality company, and remains one of the biggest private deals on record.

    On December 12, 2013 Hilton re-entered the public market after its shares priced at $20 giving the company an equity value of about $19.7 billion. Blackstone raised roughly $2.35 billion of the initial public offering of about 117.6 million shares, this was another record among hospitality companies.

    The total equity value of 90 million shares in Hilton stock equates to a 9.1% stake in the company. Should those investors choose to exercise the additional shares option of 13.5 million, Blackstone’s percentage held would drop by 1.4% more in the total equity of the company. Blackstone will still retain a controlling interest of 56.8% for only the offering of 90 million shares, or 55.4% if the overallotment option is taken.

    A price has not been set for this secondary offering but recent market prices roughly around $25 would value the 90 million shares at $2.25 billion with the additional shares option valued at $337.5 million. This is in the neighborhood of value that Blackstone was looking for in its IPO of Hilton back in December. Hilton noted that it will not receive any proceeds from the sale of shares of these common shares by the selling stockholders, something typical of when insiders and private equity holders sell shares.

    Hilton’s share price was down 1.7% at $24.85 in late-Thursday trading. Its post-IPO trading range has been $20.55 to $25.92, and the consensus analyst price target is $27.29.

    By Chris Lange

    Read more: Hilton Secondary Offering May Loosen Blackstone’s Control - 24/7 Wall St. http://247wallst.com/casinos-hotels/2014/09/11/hilton-secondary-offering-may-loosen-blackstones-control/#ixzz3D2MPxO4W
    Follow us: @247wallst on Twitter | 247wallst on Facebook

    Sentiment: Strong Buy

  • In an effort to try convincing creditors to accept extending the $10.3 billion repayment, Dubai World's advisers led by Blackstone are offering an early repayment of a separate $4.4 billion tranche of debt that is due next year. The conglomerate proposed that the 2018 repayment should be postponed by four years and will be done according to an amortization structure, which means lenders will be repaid in cash gradually during the years preceding the 2022 deadline.

    Sentiment: Strong Buy

  • If MNK breaks above the recent new high of 87.15... it looks like a flag pattern giving a 15 point more..willneed good volume on the break out.. will see.. never know..stocastics and RS is high... overbought..but can stay that way.. made a few mistakes selling on overbought..

    Sentiment: Buy

  • While the nerds hold hundreds of stocks, the jocks make large wagers on just a few. Indeed, why mess around with edging out the market and, well, just go for it? The biggest alpha males in the business—Blackstone—are doing just that with their recently announced big bet hedge fund which will front traders with hundreds of millions of dollars to take large positions in a small number of companies. Go big or go home.

    Sentiment: Strong Buy

  • a lot of insider buying.. good value here....stock offering will give them a lot to invest and will cover all dividends....

    Sentiment: Buy

BX
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