|Bid||33.18 x 500|
|Ask||33.19 x 400|
|Day's Range||33.10 - 33.63|
|52 Week Range||22.45 - 33.93|
|PE Ratio (TTM)||16.35|
|Dividend & Yield||3.48 (10.56%)|
|1y Target Est||N/A|
Investors are stretching "to do more with less" as they come to terms with the fact that the next few years won't deliver the kind of returns they've seen in the last few years, but that actually bodes well for public alternative managers, according to Jefferies analyst Gerald O'Hara. O'Hara thinks Blackstone Group (BX), Apollo Global Management (APO), and KKR (KKR) are positioned well-- all stocks that have been rising Wednesday morning. In a note published this morning O'Hara wrote that while it's very possible that the credit cycle can turn, to the benefit of those specializing in counter-cyclical strategies and firms "already armed with capital commitments" like Apollo and Oaktree (OAK), he is keeping with his pro-cyclical growth strategy stories for the time being.
Funds that extend the 10-year lifespan of conventional private-equity vehicles are proliferating, as firms experiment with strategies to set themselves apart, and investors seek new ways of boosting yields ...
Blackstone (BX) offers a profitable investment opportunity driven by steady earnings growth and strong liquidity position.