Blackstone (BX) Could Be 13% Undervalued On PGP Glass Exit Talks
Source: Simply Wall St. ·
Blackstone (BX) is back in focus after reports that Brookfield Corporation is in advanced talks to buy PGP Glass for about $1.3b to $1.5b, a deal that could potentially give Blackstone a full exit from the investment. Recent price action shows that momentum around Blackstone has cooled. The stock is down 13.87% based on the 30-day share price return, and year to date the share price return has…
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Blackstone (BX) is back in focus after reports that Brookfield Corporation is in advanced talks to buy PGP Glass for about $1.3b to $1.5b, a deal that could potentially give Blackstone a full exit from the investment. Recent price action shows that momentum around Blackstone has cooled. The stock is down 13.87% based on the 30-day share price return, and year to date the share price return has declined 21.31%. The 1-year total shareholder return is down 30.70%, compared with a 23.64% total return over three years and 18.96% over five years. Spot opportunities in other alternative asset managers responding to similar deal activity by scanning the hand picked 16 high quality undiscovered gems that share Blackstone's focus on complex transactions and niche financing. Blackstone now trades after a sharp pullback, while potential exits like PGP Glass and ZO Skin Health reshape its cash slate. Does that mix still justify taking the risk at today's valuation? Most Popular Narrative: 13%…