Blackstone has cut the dividend by 10%. It is based on their earnings, which have all been down. Their war chest is sitting comfortably at about $200 billion. That's a lot of money. And I know they are not just sitting on that. So for example, in the real estate world, they're looking at this investment trust in the UK called Industrial Real Estate. They own offices and warehouses all throughout Europe. The company wants to buy that out because it's trading at a massive discount. When we do see recovery, we'll start to see gains from that. Blackstone will make a decent pay over the next 10 years.
In this episode, we discuss dividend hikes and cuts from Johnson & Johnson ($JNJ), Costco ($COST), Sonoco ($SON) and Blackstone ($BX)
We also discuss the recent earnings results from
1. Johnson & Johnson
2. ASML
3. Blackstone
4. Snap on
and European DGIs favourite IBM
We check out the portfolio of a fellow Facebook member before answering questions from the community.