2024-05-14 00:37:07 ET
Summary
- BX stock has almost doubled in price in 2023, but saw investors taking profits in 2024 with a YTD pullback.
- My analysis suggests that the sell-off was highly likely unjustified because Blackstone's fundamentals are rock-solid.
- According to my DDM analysis, the stock is undervalued by more than 25%.
- A 2.7% forward dividend yield is worth mentioning because the Company demonstrated exceptional dividend growth over the past decade.
Investment thesis
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For further details see:
Blackstone: Rock-Solid Fundamentals Attractively Valued