Tag Archives: OAK

QUICK BLURBS [AAL, AMZN, GOOG, OAK, PSA]

(2,596 words) [AMZN] Per this PYMNTs article, Amazon Pay, which represents yet another instance of Amazon broadening and then tightening its grip on the e-commerce ecosystem, seems to be gaining rapid adoption.  Amazon Pay – like PayPal, Masterpass, and Visa Checkout – is a button placed on an e-retailer’s checkout page that enables quick and secure […]
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[OAK] VALUATION ATTRACTIVE ON NORMALIZED FRE

(1,186 words) I looked at some Alternative Asset Managers (BX, KKR, CG, FIG, and OAK) a year ago as the group traded at depressed multiples and invested in OAK because I get Howard Marks’ investment philosophy (which seems to strongly imbue the organization despite Marks’ largely figure head status today) and frankly, I found the other […]
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QUICK BLURBS [MCO, BAC, BX, OAK, WFC]

(2,481 words) 12/6/2016-12/7/2016: GS US Financial Services Conference BX Stephen Schwarzman – “we’re in the product invention business.  We’re not like Magellan fund where you just keep making something bigger and bigger until performance dies and then it gets smaller and smaller.”  The changes in the business sector from the election will be significant, w/ […]
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QUICK BLURBS [BAC, BX, JPM, OAK, WFC]

(2,377 words) 9/13/2016: BX – Private Equity (Barclays Financial Services Conference) BX says peers are paying 25x cash flow for GDP-growth assets, reflecting an environment where people think, given low rates, you can buy any high quality asset at any multiple and generate sufficient returns (which BX doesn’t subscribe to, a new “core” vehicle launch […]
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QUICK BLURBS [AXP, BX, MCO, OAK]

7/21/2016: AXP (Earnings Call) Very competitive card environment right now, but not that different from 90 days ago.  Co. has seen “some modest share of wallet losses” among its existing customers.  Competitors have launched new marketing efforts and products geared towards capturing same card members as AXP and going after former Costco cobrand member too. […]
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