The Blackstone Group L.P.

  • Housing: The Good, the Bad, and the Ugly

    By Marie Palumbo - August 14, 2013 | Tickers: DHI, ETH, BX

    Institutional investors are financing the housing recovery. In Phoenix, for example, the share of institutional investors in the market increased to 26%, a 10% increase from the previous year. And in Miami, institutional investors funded 30% of all sales. Housing starts are up, home prices are rising, and construction is bustling. However, caveats like slowing furniture sales and rising mortgage rates remain.

    Housing starts

    The overall housing construction market is more »

  • America Movil's Challenges Keep Coming

    By Joshua Bondy - July 25, 2013 | Tickers: AMX, TEF, BX

    The Mexican telecom market isn't known for its quality or affordability. America Movil (NYSE: AMX) is the dominant player, and it has been able to use its strong grip on the nation's infrastructure to fend off competitors. Now, calls for more competition are squeezing America Movil's margins. The company is still a dominate monopolist with strong local connections, but it is important to contextualize its financials.  

    AMX more »

  • Single Family Home Giant Grows in a New Way

    By Reuben Brewer - July 24, 2013 | Tickers: RESI, ARPI, SBY, BX

    Blackstone (NYSE: BX) is following a competitor's cue and is planning to lend to smaller investment buyers in the single family home market. That could be a nice addition to its massive portfolio, but also suggests there's still upside in the nascent single-family home sector.

    One of the main hallmarks of the 2007 to 2009 recession and subsequent slow recovery has been a conservative shift by banks. Although more »

  • Housing Is Back...Observe Thy Leader!

    By Shmulik Karpf - July 23, 2013 | Tickers: SBY, BX, TWO

    It's always a good idea to pay attention to what the world’s largest private-equity firm is doing with its business. That's because it's usually the first canary to sing the song of a new business trend. Back in November 2012, the boss of Blackstone Group (NYSE: BX) had called the bottom in the housing market. Specifically, he said that "This is the kind of thing that more »

  • Underwriting the New Gold Mine on Wall Street

    By Alexander Cho - July 23, 2013 | Tickers: BLK, GS, BX

    The asset-management industry is probably one of the most lucrative hot spots in the financial sector. This is primarily driven by the fact that stocks are trending higher, and it allows for asset-management companies to reap the benefits with performance fees. Both Blackstone (NYSE: BX) and BlackRock (NYSE: BLK) have been able to benefit from record moves in equity prices.

    Earnings highlights for BlackRock

    BlackRock has been able to report more »

  • LPs Hit the Legal Wall

    By Reuben Brewer - July 18, 2013 | Tickers: BRY, CG, FUN, STON, BX

    Limited Partnership (LP) Linn Energy made a big splash when it announced plans to buy Berry Petroleum (NYSE: BRY). Linn highlighted the tax benefits of the LP structure as part of the reason for it buying a regular tax paying company like Berry. Not surprisingly, the government wants to take a look. This could have implications for all LPs.

    The SEC is in Town

    After repeated articles questioning Linn's more »

  • Are Single Family REITs for Real?

    By Reuben Brewer - July 5, 2013 | Tickers: ARPI, SBY, BX

    The 2007 to 2009 recession helped usher in a new institutional real estate asset class. Do single family real estate investment trusts (REITs) have legs?

    A New Old Market

    Investor-owned single family homes aren't new. However, because of the complexities of managing large numbers of single family homes, large investors generally shied away from it. The housing-led recession changed things.

    Suddenly, institutional buyers could come in and buy large more »

  • Is This a Baby Berkshire or Not?

    By AnnaLisa Kraft - June 26, 2013 | Tickers: BRK-B, LUK, BX

    Editor's Note: A previous version of this post stated that Leucadia had an interest in Fortescue Metals Group and Inmet Mining. This has been corrected.

    Leucadia National (NYSE: LUK) has often been called a baby Berkshire Hathaway (NYSE: BRK-B). It does have many similarities to Berkshire and even has a 50-50 joint venture with them in the Berkadia Commercial Mortgage company. But where do the similarities end?

    The Berkshire more »

  • Single-Family REIT IPOs: Too Early for Wall Street?

    By Bill Stoller - June 25, 2013 | Tickers: RESI, ARPI, SBY, BX

    Editor's Note: This article has been updated to change International Homes to Invitation Homes.

    "…single-family homes are cheap now, too. If I had a way of buying a couple hundred thousand single-family homes, and had a way of managing them -- the management is an enormous problem because they are one by one -- they are not like apartment houses. I would load up on them …" -- Warren Buffett, from a Feb more »

  • A New York Landlord Is Stepping Up the Pace

    By Arturo Cuevas - June 20, 2013 | Tickers: BPO, MPG, BX

    Upward momentum seems to be building for Brookfield Office Properties (NYSE: BPO), which set a new 52-week high of $19.19 on May 14. In recent weeks, the company gave clear indications that it is further gearing up to partake in the potential rewards from the blooming prospects of the commercial real estate sector.

    In an announcement this early June, the company said it has closed on up to more »

  • 3 Private Equity Stocks for an Improving Economy

    By Zachary Scheidt - June 19, 2013 | Tickers: CG, KKR, BX

    As the US economy slowly rebounds from the financial crisis, private equity companies are capitalizing on new opportunities. These companies are uniquely positioned to capture profits through their highly-leveraged business models.
     
    Investing in the funds that these companies manage will likely yield attractive returns over the next several years. But investing in the stocks of the private equity firms themselves provides potential for a much larger investment gain.
     
    Today, we more »
  • Is Wall Street Behind the Housing Rally?

    By Lior Cohen - June 13, 2013 | Tickers: DHI, NVR, BX

    The ongoing recovery of the housing market raised the concern that we are heading toward another bubble that could burst in the near future. In a recent article in The New York Times, the authors made the argument that big Wall Street firms such as The Blackstone Group (NYSE: BX) might be behind the latest recovery of the housing market. Let’s examine this assessment and analyze the recent developments more »

  • What Will Come Out of the Battle for Dell?

    By Mike Thiessen - June 6, 2013 | Tickers: DELL, IEP, BX

    Since many seasoned market-watchers were skeptical about the plausibility of the original buyout proposal from the alliance between Silver Lake Capital and Michael Dell, it should come as no surprise that Carl Icahn and other parties have rallied to oppose the deal. However, the fluid situation in which big-name computer manufacturer Dell (NASDAQ: DELL) finds itself has surprised even the most hardened observers.

    In a recent development, Carl Icahn and more »

  • A Win-Win Scenario

    By Brendan Marasco - June 3, 2013 | Tickers: PCL, PLD, BX, WY

    Earning income from owning profit-producing assets sounds great. It is.

    Real Estate Investment Trusts (REIT) should comprise a part of each person’s asset allocation. Are you living in retirement, wanting supplemental dividend payments? Are you paying down the mortgage on that first house? How about the extra cash to take your family out to dinner? Regardless of the scenario, REITs can be an effective solution to portfolio needs.

    Why more »

  • From London to Dubai, This Fund Is Bullish

    By Meena Krishnamsetty - May 28, 2013 | Tickers: C, HIG, ICE, SLM, BX

    Toscafund Asset Management is an asset manager based in London and Dubai. The firm was founded in 2000 by Martin Hughes and is a part of Old Oak Group. The fund recently filed its first quarter 13F with the SEC, describing some of its main investments during the first three months of 2013. A quick look at Toscafund’s top five equity positions is a good place to start. See more »

  • Three Housing Plays to Hold Forever

    By AnnaLisa Kraft - May 15, 2013 | Tickers: HHC, BX, TOL

    As I wrote before, I'm not entirely sold on a housing boom, what with college debt levels increasing and impoverishing what should be a new generation of homebuyers.

    However, three companies hold properties that they've either bought at fire sale prices or are upscale enough they wouldn't attract first time homebuyers. Those companies are Blackstone (NYSE: BX), Howard Hughes Corporation (NYSE: HHC) and Toll Brothers (NYSE: TOLmore »)

  • The Case For Blackstone to Double (Again!)

    By Zachary Scheidt - May 13, 2013 | Tickers: BX

    As a general rule, I like to catch stocks at key inflection points, buying rebound candidates as they break out of basing patterns, and shorting high-flyers as they start showing signs of institutional liquidation.
     
    But occasionally there are opportunities to jump on the bandwagon a bit later in the cycle, while still giving us plenty of room for a lucrative trade.
     
    In the case of The Blackstone Group (BX), we more »
  • Blackstone Says The Housing Party Is Still Strong

    By Reuben Brewer - May 8, 2013 | Tickers: RESI, SBY, BX

    Blackstone (NYSE: BX) has purchased 1,400 homes in Atlanta, according to Bloomberg. The company's continued aggressive push into the single family home market is a clear indication that Blackstone thinks the house party is still going strong. Here are a few ways to benefit.

    With Gusto!

    Blackstone has been one of the most vocal and aggressive buyers of single family homes coming out of the housing-led 2007 to more »

  • Should You Join in the SeaWorld IPO Bandwagon?

    By Roberto Bañaga - May 7, 2013 | Tickers: SEAS, SIX, BX

    The global theme-park industry continues to grow. Global Industry Analysts expects the global theme-park industry to reach $31.8 billion by 2017. However, most of the growth will be driven by emerging markets like China, India and Korea. European and North American markets have matured as growth in visitor attendance is stabilizing.

    Theme park and entertainment company Seaworld Entertainment (NYSE: SEAS) launched its IPO of 26 million shares on April more »

  • Forget Dell, Buy Lenovo

    By John Moore - May 3, 2013 | Tickers: DELL, LNVGY.PK, BX

    Blackstone (NYSE: BX) withdrew its bid for Dell (NASDAQ: DELL). The reasons for the withdrawal were not immediately clear, but it's safe to say Blackstone didn't like what it saw while examining Dell's financials. Blackstone knows a thing or two about financials; its first-quarter profit rose 28% to $628 million. Even Blackstone knows it doesn't posses the creativity, innovation, and patience needed to turn Dell around more »

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