Blackrock is Picking up the Pieces
A wise investor once said that the time to buy is when everyone else is selling. Well, who is doing the buying of assets right now? Blackrock is one of them BLK. The chart on Blackrock is pretty impressive. If you feel we are at a bottom for markets, assets, companies, Blackrock could end up a huge winner 3-5 years down the road. I just picked up a small number of shares. I gave up on some AIG shares at a loss to pick up the BLK shares. Sounds like a fair trade to me. I don’t see how AIG is going to make it through this mess. Might as well wipe out the common and fold them into the new bank oversight agency.
Keep an eye on Blackrock. This will be one to watch for many years to come. A well capitalized entity, picking up assets at a discount, at or near the bottom will be a winner. The key is the pricing. They are buying assets that can support themselves. When they are spun off in the future, expect huge returns for BLK.
Blackrock
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