Blackstone Is A Long-Term Buy, Short-Term Hold

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About: The Blackstone Group Inc. (BX)
by: John Windelborn
This article is exclusive for subscribers.
John Windelborn
REITs, dividend growth investing, value, arbitrage
Summary

Despite a weekly decline of 11.5%, BX is still up over 28% on a total return basis.

Fee-earning AUM growth of 16% YoY is the key driver of future growth.

Covered calls can more than double your effective yield of your shares now that we may be near a temporary top in share price.

It has been a great year for alternative asset managers/private equity firms. In the past year, The Blackstone Group (BX) is up 21.8% in price appreciation compared to just 0.55% for the S&P