good luck to you..I just looked at the 2 year dividend chart record...and it goes up after the dividend just as many times as it went down..dont count on it....
calm down.. the down volume was not big..a million reasons to sell a stock and many are not about the stock but about the seller and the market, etc...
Sysco at Standstill With FTC Over US Foods Deal -- 2nd Update
DOW JONES & COMPANY, INC. 8:22 AM ET 2/2/2015
Symbol Last Price Change
SYY 38.28down -0.89 (-2.27%)
BX 37.53down +0.19 (+0.51%)
QUOTES AS OF 01:48:18 PM ET 02/02/2015
Sysco Corp.'s (SYY) negotiations with antitrust regulators over its planned acquisition of US Foods Inc. have reached a standstill, a person familiar with the matter said, as the company announced an agreement to divest far more in assets than originally planned to obtain approval.
Sysco (SYY) has been wrestling for more than a year with the Federal Trade Commission over its acquisition, which would unite the two largest companies in the food distribution industry into a single giant.
Sysco (SYY) said Monday that it reached a deal with rival Performance Food Group Co. to sell 11 distribution centers with a combined $4.6 billion in revenue--more than double the $2 billion in annual revenue that Sysco(SYY) originally planned to sell.
However, FTC staff members haven't signed off on the divestiture proposal. Sysco(SYY) representatives met with FTC staff members again in Washington, D.C. last week, during which they couldn't agree on a solution, leaving the talks at a stalemate, according to the person familiar with the situation.
Shares of Sysco(SYY) were down 1.7% in Monday morning trading.
So Sysco(SYY) is now turning its hopes to the five-member FTC commission, hoping it will agree to approve the deal despite the staff's reluctance.
"Unfortunately, the FTC has taken a different view of the potential competitive impacts of the merger" than Sysco's(SYY) view, Chief Executive Bill DeLaney said in a news release. "While we respectfully but vigorously disagree with the FTC's analysis, we believe this divestiture package fully addresses its concerns."
An FTC spokeswoman declined to comment.
The divestiture, which is contingent on the merger winning approval, covers US Foods distribution centers from San Diego to Denver that make up nearly a quarter of US Foods' sales. Financial terms of the sale weren't disclosed.
Sysco (SYY) and US Foods buy food and other restaurant supplies that they then sell and deliver to restaurants, hospitals and other institutions. Without the proposed divestitures, they account for more than 25% of the industry's sales.
The FTC has given the deal close scrutiny amid concerns from some restaurants and others in the industry that a combination would give Sysco(SYY) too much pricing power. Sysco(SYY) says the industry is rife with regional and specialty distributors that will make for stiff competition even after the pending $3.5 billion acquisition of US Foods.
Both the FTC's bureau of competition and bureau of economics have been looking at the deal. A majority of the agency's five commissioners must agree upon any course of action. The agency, which has three Democratic commissioners and two Republicans, is known for bipartisan cooperation but the commissioners do sometimes disagree on the agency's approach.
Sysco (SYY) in November again pushed back the timeline for completing the acquisition, saying talks with antitrust regulators were taking longer than expected.
Performance Food Chief Executive George Holm said the new distribution centers will enable the company to compete for national broadline food service customers.
After Sysco(SYY) and US Foods, Performance Food is the largest competitor in the market. PFG's operations are focused most heavily in the Southeast and along the Eastern Seaboard. The company has been preparing for an initial public offering, and expects to raise around $100 million. It has done 12 acquisitions in the past six years and that acquisitions remain a key part of its strategy.
Meanwhile, for the quarter ended Dec. 27, Sysco(SYY) reported a profit of $157 million, or 27 cents a share, down from $ 211 million, or 36 cents a share, a year earlier. Excluding merger and integration-planning expenses and other items, earnings rose to 41 cents a share from 39 cents the year earlier.
Revenue increased 7.6% to $12.1 billion.
Analysts polled by Thomson Reuters expected a per-share profit of 41 cents and revenue of $11.93 billion.
The company's food-cost inflation was 6%, driven mainly by the meat, dairy and seafood categories.
Operating costs grew 10% due to an increase in payroll expenses.
Sysco (SYY) and traditional distributors have struggled in recent years with declining profit margins, as higher commodity and transportation costs make it tough to beat the low prices of a growing sector of self-service wholesale food stores, such as Costco Wholesale Corp. and Restaurant Depot.
Shares of Sysco(SYY) had risen 12% in the past 12 months through Friday's close.
The Blackstone Group L.P. (BX) (Previous Close: $37.34, Get Quote) (Ratings, Earnings and Dividend History)
(1/31) The Blackstone Group L.P. Price Target Raised to $41.00 (BX) - The Legacy
(1/31) The Blackstone Group L.P. Price Target Increased to $41.00 by Analysts at ... - Dakota Financial News
(1/31) The Blackstone Group L.P. Price Target Increased to $45.00 by Analysts at ... - Dakota Financial News
Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval
REUTERS 3:59 PM ET 1/30/2015
Symbol Last Price Change
SYY 39.17 -0.73 (-1.83%)
KKR 24.01down -0.26 (-1.07%)
BX 37.34up 0.48 (1.3%)
QUOTES AS OF 04:04:17 PM ET 01/30/2015
By Diane Bartz
WASHINGTON (Reuters) - Food distributor Sysco Corp(SYY) and its biggest rival, US Foods Inc , have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters.
The deal, proposed in December 2013, is seen as problematic because Sysco(SYY) and US Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide range of goods to customers ranging from hotel chains to hospitals to fast food chains and fine restaurants.
To overcome Federal Trade Commission concerns, the companies have offered to sell 11 distribution centers with $5 billion in sales in hopes of building Performance Food Group into a national competitor, essentially replacing US Foods, according to the source, who spoke on condition of anonymity.
Sysco (SYY) executives and FTC officials are scheduled to meet over the next two weeks to discuss whether the offer would be enough to win regulatory approval.
Performance Food Group is strong in the eastern United States, Texas and California but has few distribution centers in the rest of the West, according to its company website.
Most of the distribution centers to be sold are in the western United States and one is in California, according to two sources knowledgeable about the talks.
Sysco (SYY) is the biggest U.S. food distributor with annual revenue of about $44 billion. US Foods, which is owned by private equity companies including KKR & Co(KKR) , is No. 2.
Performance is owned by Blackstone Group(BX) .
The FTC can approve the deal outright, approve the transaction on condition of divestitures or file a lawsuit to stop it.
Sysco (SYY) said that it remained "committed to finalizing this transaction."
"Over the past year, we've met repeatedly with the FTC staff to help them understand the highly fragmented and competitive food service distribution business and the significant benefits of our proposed merger with US Foods," said spokesman Charley Wilson in an email.
The FTC declined comment.
Sysco (SYY) has said the combined company would be able to maintain fewer warehouses and run fuller trucks, thus driving down costs for customers.
A group of about 25 state attorneys general, including those in Florida and Indiana, are also reviewing the deal. Minnesota's attorney general wrote a letter to the FTC in December saying it was questionable whether any divestiture could restore competition lost in the transaction.
The Blackstone Group L.P. (NYSE:BX) had its price target raised by analysts at Argus ( ) from $40.00 to $43.00. They now have a "buy" rating on the stock. 18.0% upside from the previous close of $36.43. Tweet This.
Blackstone Group Seeks To Scoop Up "Mispriced" Energy Assets
DOW JONES & COMPANY, INC. 9:18 AM ET 1/30/2015
Symbol Last Price Change
BX 37.397up +0.537 (+1.46%)
QUOTES AS OF 12:12:25 PM ET 01/30/2015
Blackstone Group (BX), with its array of business units, is looking at a variety of ways to play the dislocation of the energy markets, according to President Hamilton James.
The hemorrhaging energy markets aren't "differentiating," with everything related to the industry getting hammered, Mr. James said on a conference call yesterday discussing the firm's fourth-quarter earnings results.
"Some companies deserve that, some don't," he said, adding that development has resulted in "mispriced assets."
The New York firm historically has invested in equity of energy companies from its main buyout fund and separate energy-focused vehicles. It is also reportedly raising an energy-oriented credit fund through its GSO Capital Partners unit.
Blackstone now has about $10 billion of equity and debt capital available for energy deals, and it is seeing opportunities up and down a company's capital structure, according to Mr. James.
For instance, it can buy distressed debt at deep discounts that ensures "equity-type returns" or purchase assets from over-levered sellers that need "emergency equity," he said. There is also an opportunity to fund new drilling prospects or buy oil and gas properties at attractive prices, said Mr. James.
Blackstone sold off most of its energy holdings before oil and gas prices began to fall, according to Mr. James. "We got into oil early and played the shale," he said, adding that the timing of the sales was partly a result of the natural maturing of the portfolio.
With oil trading at more than $100 a barrel, Blackstone believed the prices were above normal levels. "It was a perfect time to sell," said Mr. James, adding that Blackstone received an average of four times costs from those deals.
You have no idea what this business model is about and how earnings, profits are made...your opinion is obviously wrong.. notice the stock is making new highs with a weak stock market... why are you here???..follow your opinion and find another stock and hobby..
I never doubted this stock...people focus on the short term and daily moves too much...I have seen all your posts :).....enjoy the good news...
the firm's private-equity business and its soon-to-be-spun- out financial-advisory unit shone brighter, reporting economic-net-income gains of 95% and 72%, respectively, for the quarter.
Blackstone Group LP (BX), the world's largest private-equity firm, beat Wall Street's fourth-quarter earnings expectations, notching several full-year records for profitability and size that further distanced the New York firm from its closest competitors.
Blackstone said Thursday that it set all-time highs in 2014 in fundraising, cash invested, payouts out to investors in its funds, assets under management, the portion of profits available to share with stockholders as well as economic net income, an industry metric that includes unrealized gains as well as cash earnings.
Said Blackstone President Hamilton "Tony" James, "2014 was a record in just about everything for us."
Despite the superlatives scattered throughout Blackstone's results, the firm reported some fourth-quarter declines as it came up against a selloff in credit markets, lower values of energy holdings and a lucrative year-earlier period in its real-estate segment that Blackstone didn't match.
Blackstone said fourth-quarter profit of $551 million, or 90 cents a share, was 11% lower than a year earlier. Economic net income was $1.45 billion, or $1.25 a share, down from $1.54 billion a year earlier but above the 92 cents forecast by analysts polled by Thomson Reuters.
Although Blackstone's diversification into credit, hedge funds and real estate has at times helped protect its results against lulls at its older takeover-driven segments, the firm's private-equity business and its soon-to-be-spun- out financial-advisory unit shone brighter, reporting economic-net-income gains of 95% and 72%, respectively, for the quarter. Meanwhile, economic net income fell at the credit and real-estate segments, by 57% and 38%, respectively.
A flood of deal profits and fees charged on the $290 billion mountain of money Blackstone manages enabled it to pay its richest dividend to date, both for a quarter and full year. The $2.12 per-share payout for 2014 translates to a haul in the neighborhood of $500 million for Stephen Schwarzman, Blackstone's co-founder and chief executive, who owns roughly 22% of the firm's shares.
Shareholders weren't the only ones to reap the benefits, however; Blackstone said it paid out $45 billion to investors in its funds in 2014.
The record dividend--the firm met its previous high mark after three quarters--helped propel Blackstone shares 8.2% last year against declines that ranged from 5.9% to 27% for its publicly traded competitors, such as KKR & Co. and Apollo Global Management LLC(APO).
Blackstone shares have continued to tick higher this year, closing up 0.33%, or 12 cents, at $36.86 on Thursday, the latest in a series of all-time-high closes reached this week after years of trading well below the firm's 2007 initial-public-offering price of $31.
Increasingly larger dividends and the stock's recent rise have helped push Blackstone's total shareholder returns to 60% since the firm's first trading day in 2007 through Thursday. The S&P 500's total return is 58.6% over the same period.
Fee revenue rose 10% to $716 million in the quarter and 13% for the year to $2.7 billion.
Blackstone's share of fourth-quarter deal proceeds, or performance fees, was $1.32 billion, down from $1.69 billion a year earlier. For the year, Blackstone's slice of deal gains totaled $4.4 billion, up 23% from 2013.
During the period the firm sold United Biscuits Ltd. to Turkey'sYildiz Holding for about $3.5 billion and pared its holdings in Pinnacle Foods Inc., hotelier Hilton Worldwide Holdings Inc., theme-park operator Merlin Entertainments PLC, television ratings firm Nielsen NV and oil explorer Kosmos Energy Ltd. by selling blocks of shares.
After those sales, Blackstone holds $14.1 billion of stock in its private-equity funds, which portends a steady stream of deal profits to come. The firm invested $26 billion in 2014, putting a record amount of cash to work despite the relative scarcity of the multibillion-dollar public-to-private buyouts on which Blackstone and its rivals made their names orchestrating.
"Looking forward, we see continued momentum across all of our businesses as the environment for both investing opportunistically and harvesting more seasoned assets remains attractive," Mr. Schwarzman said.
Blackstone reported assets under management of $290 billion, up from $266 billion a year earlier as each of the firm's four segments that manage money bulked up.
Blackstone's closest competitor by assets, Carlyle Group LP(CG), said it managed about $203 billion as of Sept. 30. The Washington, D.C., firm is scheduled to report fourth-quarter results on Feb. 11. None of Blackstone's other competitors manage more than $200 billion, as of the end of September.
another negative lean.95 cents EPS????The Blackstone Group L.P. (NYSE:BX) announced its quarterly results before the market opened on Thursday, January 29th. The company reported $0.92 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.74 EPS by $0.18. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The company's quarterly revenue was down 20.6% on a year-over-year basis. (View Earnings Release) Tweet This.
The Blackstone Group L.P. saw some unusual options trading on Wednesday. Stock traders purchased 10,538 call options on the company. This is an increase of 172% compared to the average daily volume of 3,874 call options.