Blackstone Inc (BX)

[Chappy86]

OK...I get Stansberry Research and here was a piece of one of the articles today. I think this company will be fine. But like a fine wine it has to age. I'm holdin.

Also doing well: Real estate markets targeted by billions of dollars from Wall Street.

The New York Times reports how giant investors, like private-equity firm Blackstone Group, are scouring America in search of cheap housing. With billions of dollars to manage and few assets offering safe yields (bonds certainly are not), Wall Street firms are buying huge numbers of homes and renting them out. The Times reports:


Blackstone, which helped define a period of Wall Street hyperwealth, has bought some 26,000 homes in nine states. Colony Capital, a Los Angeles-based investment firm, is spending $250 million each month and already owns 10,000 properties. With little fanfare, these and other financial companies have become significant landlords on Main Street. Most of the firms are renting out the homes, with the possibility of unloading them at a profit when prices rise far enough.


Regular readers are familiar with this trend. Steve Sjuggerud has been bullish on housing for nearly three years. He's written dozens of pieces urging readers to buy cheap real estate. And Blackstone has been one of his top recommendations for the past six months. Blackstone is a huge asset manager that has become one of the country's largest home buyers.

Large home buyers (like Blackstone) and low interest rates are major reasons why U.S. home prices increased 10% from March 2012 to March 2013. Steve expects more price increases… and more gains for Blackstone shareholders. The stock is up 61% since November for True Wealth readers. Despite the big share price gain, the stock yields more than 5%. Income-seeking investors should drive shares much higher.