Is Black Rock in trouble? Anyone think it has a lot more downside ? What would more bad news mean for Black Rock mean for Wall St ?
https://www.fool.com/earnings/call-...ackrock-blk-q3-2022-earnings-call-transcript/ How are they supposed to be in troubles ?
If they continue to embrace ESG, the downtrend is likely to continue. Fortunately it's more likely just a virtue signal.
TBTM: Too Big To Manage Yes, they are in trouble. Once out of the denial stage, the havoc that increasing rates cause will be front and center. They(BLK) will cause their own cascade of lower pricing, including RE. The withdraws associated with ESG make news, but the amounts (thus far at least) are insignificant to the AUM.
%% BLK has a good dividend, but IBD notes ''never buy a stock for its dividend'' Its ESG\ woke will help it go broke\eventually\ or nicely go in that stock\south direction. I saw Carl Ichan rebuke mr Fink, to his face on BLK non liquid bond funds\ETFs. Mr fink had no answer, seems he like to waste time in a evil empire attempt to meddle with gun companies\LOL I dont have any complaints on the few times i bought + sold his semi liquid stock ETF's LOL But i also try to avoid doing business with BLK, mostly; fundamentals WIN by the end or earlier
%% Easy to get those confused\ i have some old black+ white candle charts\ the black candles drop like a Black rock\Black stone\dead fat hog Strange Dec WSJ article, Blackstone was really bothered by all the redemptions+ seemed to disagree with all the redemptions\LOL. No wonder\ investors got wind of a whale in trouble like woke broke+ trying to ruin or micro manage oil + gas + gun companies,. I was in LA[oil + gas country] not Hollywood. And the cook, she accidently burned the bacon, badly. An old timer laughed it off, because she almost never did that/ ''that came off the black hawg [hog] he said with a little laugh'' AS if Mr Fink , + other ratfinks knows anything about running an oil+ gas or gun co??