QUOTES AS OF 04:03:37 PM ET 07/27/2015
When Blackstone Group LP's(BX) top executives learned last week that they were losing their longtime chief financial officer, they eschewed a lengthy search and went with one of their most-tenured deal makers.
The world's largest private-equity firm said last week that Michael Chae would become its finance chief next month when Laurence Tosi, Blackstone's CFO since 2008, leaves for the same role at Airbnb Inc.
Leaders at Blackstone, which manages roughly $333 billion on behalf of pensions, endowments and wealthy individuals, decided the company's CFO should be someone who could potentially run the firm, and that anyone in that position must have an investing background, according to people familiar with the hire.
In Mr. Chae, 46 years old, the firm chose one of its most experienced deal makers and trouble shooters. He joined Blackstone in 1997, before the global firm—housed then in a single Manhattan office—even disclosed its assets under management.
Becoming CFO "represents a natural progression" of his career at Blackstone, Mr. Chae said in an interview Monday. " Having worked across our businesses and regions as an investor, to be able to bring that experience and knowledge to driving the operations of the firm as a whole is an exciting opportunity," he said.
Mr. Chae played a central role in some of the firm's largest and most lucrative private-equity investments, including those involving arts-and-crafts retailer Michaels Companies Inc., hotelier Hilton Worldwide Holdings Inc. and television-ratings firm Nielsen NV.
"His investing background is an extremely helpful element to his credibility as a CFO," said John Waldron, co-head of investment banking at Goldman
Intellipharmaceutics International Inc. (NASDAQ:IPCI) has dropped 2.16% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 33.46% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 0.05% and the outperformance increases to 34.86% for the last 4 weeks.
For this week, the average consensus of the company shares are rated as a Strong Buy. IntelliPharmaCeutics International Inc. is up 28.27% in the last 3-month period. Year-to-Date the stock performance stands at 60.62%. The company shares have rallied 27.37% in the past 52 Weeks. On May 26, 2015 The shares registered one year high of $3.92 and one year low was seen on August 27, 2014 at $1.94. The 50-day moving average is $3.32 and the 200 day moving average is recorded at $2.82. S&P 500 has rallied 5.09% during the last 52-weeks.
just panic and momentum selling IMHO... I had sold some before at 39 before the runup and maybe will buy it back...long term holder here with 2500 having sold 500 before
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.