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Asian Property Market Moving Into The BlackPeter Pham • Thu, Dec 13, 2012 -
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Change in Distribution Policy Not a Concern for BlackstoneMike Maher • Mon, Apr 25, 2011
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The Blackstone Group L.P. Q2 2008 Earnings Call TranscriptSat, Sep 20, 2008
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The Blackstone Group Q2 2007 Earnings Call TranscriptMon, Aug 13, 2007
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at Fox Business (Tue, 1:15PM)
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at MarketWatch.com (Mon, 7:49AM)
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at CNBC.com (May 10, 2013)
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at Fox Business (May 10, 2013)
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at CNBC.com (May 10, 2013)
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at CNBC.com (May 9, 2013)
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at CNBC.com (May 9, 2013)
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at MarketWatch.com (May 6, 2013)
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at Fox Business (May 6, 2013)
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at CNBC.com (Apr 30, 2013)
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at Fox Business (Apr 29, 2013)
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at MarketWatch.com (Apr 19, 2013)
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at Fox Business (Apr 19, 2013)
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at Fox Business (Apr 19, 2013)
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at CNBC.com (Apr 19, 2013)
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at MarketWatch.com (Apr 19, 2013)
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at CNBC.com (Apr 18, 2013)
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at Fox Business (Apr 18, 2013)
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at Fox Business (Apr 18, 2013)
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at Fox Business (Apr 16, 2013)
BX vs. ETF Alternatives
Company Description
Blackstone is a leading manager of private capital and provider of financial advisory services. We are one of the largest independent managers of private capital in the world, with assets under management of $98.2 billion as of December 31, 2009. Our alternative asset management businesses... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 17, 2:40 PM Blackstone (BX) launches a curious new fund - a high-risk hedge fund whose positions will consist of the riskiest trades from 3rd-party hedge funds the P-E firm invests with. Managers can sell their ideas to the the new fund in exchange for a fee. If secrecy is a prime asset of hedge funds, one imagines managers will not be so quick to part with ideas. It should be interesting to watch. 2 Comments [Financials]
- Friday, May 17, 1:08 PM Goldman Sachs (GS) launches the Goldman Sachs Multi-Manager Alternatives Fund offering alternative and non-traditional investment strategies to investments as little as $1K. P-E firms from CG to KKR to BX have noted much of their future growth will not from the institutional side, but from individuals in search of yield. Comment! [Financials]
- Wednesday, May 15, 5:19 PM DDR Corp. agrees to buy Blackstone's (BX) 95% stake in a group of U.S. shopping centers for $1.46B. DDR notes the average base rent of $13.81/square foot allows upside as it's 5% below the company's prime portfolio. Shares -2.6% AH as the company launches a 32M share secondary to help pay for the deal (should raise more than $600M). Comment! [Financials, On the Move]
- Thursday, May 9, 9:29 AM It's oft-assumed the exit strategy for Wall Street firms getting into the single-family rental business (BX, SBY, CLNY) is to form a REIT and sell to the public. Another possibility would have the shops sell the properties while providing financing to those who might not qualify for a conventional mortgage. Further, the loans could then be packaged and sold - the next wave of MBS. 1 Comment [Financials]
- Tuesday, May 7, 9:05 AM Blackstone (BX) is unloading its 23.4M share stake (2.5% of the company) in General Growth Properties (GGP) in a secondary offering. Blackstone was part of the group which helped GGP emerge from bankruptcy in 2010, and in January sold warrants - which would have allowed it to buy more shares - back to the company. GGP -1.7% premarket. (PR) Comment! [Financials, Breaking News, On the Move]
- Friday, May 3, 11:43 AM Blackstone (BX +4.3%) parties as the company holds its investor day - (webcast) (presentation) - with global real estate chief Jonathan Grey saying he expects to close a $4B Asia real estate fund (BX's first) this quarter. Performance fees, says CFO Larry Tosi, are set to hit pre-financial crisis levels - when the stock was a whole lot higher. 5 Comments [Financials, On the Move]
- Friday, May 3, 10:12 AM Another public player in the hot single-family rental sector is on the way as Colony American Homes (managed by Colony Capital CLNY) files for an IPO. Like Blackstone (BX) and like Silver Bay (SBY), Colony buys up swaths of troubled properties through auctions and short sales, fixes them up, and turns them into rentals. (S-11) 1 Comment [Financials]
- Thursday, April 25, 1:00 PM Investors seem pleased with KKR's new payout plan - which doesn't necessarily increase the dividend, but does make it more frequent and predictable - sending the shares 5% higher. KKR is trading meaningfully below its peers (CG, BX), says Sandler O'Neill's Michael Kim, expecting distributions to reach $1.24 this year, implying more than a 6% yield. Comment! [Financials, On the Move]
- Tuesday, April 23, 7:37 AM Credit Suisse (CS) pulls back further from alternative investments amid the Volcker Rule, selling Strategic Partners - its P-E unit with $9B in AUM - to Blackstone (BX) for an undisclosed price. Comment! [Financials]
- Thursday, April 18, 10:13 PM Blackstone (BX) is out of the dealings for DELL, WSJ reports, killing a deal that would have kept the computer maker partly public. That removes one competitor for the offer from Silver Lake and Michael Dell; meanwhile, there's still Carl Icahn. (previously) Comment! [Tech, M&A, Top Stories]
- Thursday, April 18, 7:52 PM In blunt testimony to investors' appetite for playing the rebound in consumer spending, SeaWorld Entertainment prices it's IPO at $27, the high end of its range. The company and its private-equity owner, Blackstone Group (BX), are selling 26M shares, not including additional stock allotted to its underwriters, valuing the offering at $702M. The shares will be listed on the NYSE under the symbol "SEAS." Comment! [Consumer]
- Thursday, April 18, 3:35 PM Benjamin Lawsky - the head of NY's newish Dept. of Financial Services - says he will not shy away form taking the "lead" in confronting the country's financial giants. Hinting at one line of inquiry, Lawsky tells conference attendees he's concerned about P-E firms (BX, CG, KKR) buying insurance companies as their short-term focus may lead to a boost in investment risk. Comment! [Financials]
- Thursday, April 18, 11:31 AM Blackstone (BX -0.8%) reverses a big premarket move higher, perhaps as COO Tony James tells reporters in a pre-CC interview he sees a "spring swoon" for the economy and growth "not exactly around the corner." He sees "vast potential" as high net worth individuals - whose assets exceed those of institutions - are "way underrepresented" in the P-E space, and applauds retail offerings by CG and KKR. 2 Comments [Financials]
- Thursday, April 18, 8:38 AM Blackstone (BX) boosts the size of its SeaWorld (SEAS) IPO to 26M shares, meaning it would raise $702M if priced at the top end of the expected $24-$27 range. (S-1A) Comment! [Financials]
- Thursday, April 18, 8:24 AM More on Blackstone (BX) Q1 earnings: Economic net income of $0.55, up 25% Y/Y. Fee revenue +3% Y/Y, performance fees +57% Y/Y, investment income +62% Y/Y. Advisory fees off 12% Y/Y - slower M&A and fewer P-E fund closings. Fee-earning AUM up 9% Y/Y to $171B. Just $325M put to work in P-E in Q1. "Dry powder" of $35.8B. Shares +3% premarket. (PR) 1 Comment [Financials, Earnings]
- Thursday, April 18, 8:07 AM Blackstone (BX): Q1 Economic Net income of $0.55. Revenue of $1.26B (+29% Y/Y) beats by $0.13B. (PR) 1 Comment [Earnings, Breaking News, Financials]
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Capitalist Bull
LSA confirms rally, http://stks.co/gUHA. Growth leading. Use pullbacks to initiate/add to positions. $SBGI $GOOG $OCN $BX $NFLX $SODA - View all 0 replies
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Ocean Man
Sold some $BX at $21.85. Multiple buys, part from $17.70 +23%. http://seekingalpha.com/s/blpgn - View all 1 replies
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jmok322: Good call! Didn't follow you on that but I remember you saying that was one of your favorite long term stocks.
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Ocean Man
Sold another piece of $BX for a gain of 18% in 2 months. $17.70 ---> $20.87. http://seekingalpha.com/s/blpgn - View all 0 replies
LATEST REPLIES
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Ocean Man
Sold some $BX at $21.85. Multiple buys, part from $17.70 +23%. http://seekingalpha.com/s/blpgn - View all 1 replies
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jmok322: Good call! Didn't follow you on that but I remember you saying that was one of your favorite long term stocks.
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Ocean Man
Sold a piece of $BX for a gain of 12.7% in 2 months. $17.70 ---> $19.95. http://seekingalpha.com/s/blpgn - View all 1 replies
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Paul Frederickson: ALDW NTI and CVRR are all up a good amount now and looking to go higher... -
Ocean Man: I've had my eye on CVRR, wouldn't mind getting into that one at some point. Good call on those bouncing today.
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Chris DeMuth Jr.
Looks like a 3-Way - http://bit.ly/14esHwT... battle for $DELL: Silver Lake vs. $BX vs. Carl Icahn as of yesterday. May the best win - View all 16 replies
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Heliopios: I've got faith the negotiations will end near the 17 marker -
Moses3rdeye: Downside risk if this thing blows up is too high and upside potential at $15 current best offer isn't worth it.
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Chris DeMuth Jr.
$DELL +>2.25% after hours. I'd like to think it was my article (http://seekingalpha.com/a/riuv) but it probably is $BX coming over the top. - View all 4 replies
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pundr: i hope we are seeing a higher bid price, iam very sure. icahn, southeastern, blackstone, the make this thing happen -
Chris DeMuth Jr.: I know and like the people at $BX. They will do what makes sense for them; in this case, there are deals with $DELL that make sense.
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Ocean Man
Sold a piece of $BX for a gain of 10.2% in 5 weeks. $18.12 ---> $19.98. http://seekingalpha.com/s/blpgn - View all 3 replies
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Ocean Man: Thanks guys, and good job fut. I forgot to mention that I got a $0.42 dividend on this as well, so it's actually a 12.5% gain.
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chuck holladay: I guess I should have known that OM but I certainly did not act like it and gave out some bad info and it cost me buying back $BX. -
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inandoutnevertoolate: guess it was indeed a headfake good job on getting out at the top det -
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Dividend Sheet
$BX $GSK and $TOT are the best yielding and most bought dividend stocks from investment gurus + http://stks.co/bKV1 + I like $INTC and $JNJ - View all 1 replies
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Ocean Man: Last year the divs went 32-10-10-10, year before it was 22-10-10-10. Remains to be seen where this year's goes, but I wouldn't bet on 42x4.
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Ocean Man: I added on this dip. 42 cents came out of the price today for a dividend.
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