1 / 15

Green&Gold Fund

Recommendation: Buy Blackstone (BX). Green&Gold Fund. Key Investment Points. Dividend play with embedded call option on prosperity Increasing AUM despite low stock price Big real estate player Dividend immune to proposed new tax law More value today than a year ago

chesna
Download Presentation

Green&Gold Fund

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Recommendation: Buy Blackstone (BX) Green&Gold Fund

  2. Key Investment Points • Dividend play with embedded call option on prosperity • Increasing AUM despite low stock price • Big real estate player • Dividend immune to proposed new tax law • More value today than a year ago • Improving operating cash flow

  3. Industry Overview • Focus on operational excellence, growth, performance, risk management, and compliance • Asset Management CEOs most optimistic out of any industry • Very capable of adaptation and reinvention • Transition taking place in risk taking • Opportunities are plentiful

  4. Blackstone (BX) Company Profile

  5. Profile

  6. Growth

  7. Financial Strength

  8. Investment Information 3 Year Price Graph (Morningstar)

  9. Stock Price since IPO

  10. YTD Stock Price

  11. Performance Fees

  12. SWOT Analysis • SWOT analysis, and how each point impacts company EPS/valuation multiple

  13. Book Value

  14. Investment Thesis • We should own this stock due to guaranteed revenue from increasing AUM, call option on performance fees, solid dividend, and improved valuation.

  15. Portfolio Placement / Recommendation • Sector : Alternative • Industry Group: Asset Management • Current Holdings: ODMX, PRPFX, MOO,GXG • Target Sector Allocation: 10%, $43,765 • Current Sector Allocation: 8.1% , $35,158 • Remaining Allocation: 1.91%, $8,318 • BUY 400 shares of BX at Limit Price of $13.50 (approx. $5,400, 1.24% of portfolio) • Allocation after purchase: 9.32%

More Related