The Blackstone Group L.P. (NYSE:BX)

CAPS Rating: 4 out of 5

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.

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Player Avatar DAG1996MF (< 20) Submitted: 6/26/2013 1:24:34 PM : Outperform Start Price: $18.58 BX Score: +53.81

I like Blackstone Group a lot as a real estate recovery play, although there are many other things I like about the company as well. According to Bloomberg, Blackstone Group (BX) is the largest U.S. private real estate owner. Especially now that all the home builders have already run up, it makes sense to me to invest in the top owner of homes, rather than just a builder.

I've been watching and wanting to buy Blackstone for a while, but was turned off by the involvement in a potential Dell deal. Now that Blackstone has pulled out of that mess, I believe now is the perfect time to get in on Blackstone. I also like how Blackstone handled the SeaWorld IPO and the fact that they will continue to make money on that deal going forward. And, that's not to mention that Blackstone is likely to be a huge beneficiary as the overall M&A market continues to pick up momentum.

I consider Blackstone Group to be a very strong long-term holding with a great yield (~6%).

http://www.reuters.com/article/2013/04/18/us-blackstone-results-idUSBRE93H0JM20130418
http://www.bloomberg.com/news/2013-01-09/blackstone-steps-up-home-buying-as-prices-jump-mortgages.html
http://www.cnbc.com/id/100542594
http://zolmax.com/the-blackstone-group-l-p-price-target-raised-to-24-00-at-stifel-nicolaus-bx/58689/

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Member Avatar DAG1996MF (< 20) Submitted: 1/15/2014 12:45:44 AM
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My price target has now been updated in my new summary article that includes performance tracking for all of my calls to date, price target updates for stocks I've not yet written new articles about and a general market outlook discussion (http://seekingalpha.com/article/1936361-2013-performance-and-2014-updates).

Member Avatar DAG1996MF (< 20) Submitted: 3/28/2014 9:31:51 AM
Recs: 0

BX new full analysis and price target "Blackstone: A Black Box... Holding A Diamond" http://seekingalpha.com/article/2110323-blackstone-a-black-box-holding-a-diamond

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