Blackstone (BX) Stock Seems Reasonable On A 30% One Year Fall

Blackstone has seen its share price fall sharply over the past year, and the question now is whether that drop lines up with the returns the business earns on its invested capital. With investors processing new products, real estate challenges and private credit headlines, the key issue is what the current valuation really asks you to believe about how effectively Blackstone can keep compounding its capital base. The stock has declined 29.7% over the past year, which puts the spotlight on...