The Blackstone Group L.P. (NYSE:BX)
CAPS Rating:
An alternative asset manager Company and its business include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt vehicles, proprietary hedge funds & closed-end mutual funds.
RSS Headlines
Fool UK
Recs
I'm sure that I have shorted Blackstone here in the past, but at today's prices the company is too cheap to ignore. It's assets under management have doubled since it's IPO, yet it's stock price has imploded. Its GAAP financials hide the business's profitability. With a solid franchise, huge dividend, and net cash on it's balance sheet, BX is a good bet to outperform the S&P going forward.
Deej