Much like Goldman Sachs, BlackRock (NYSE: BLK) is a financial company that's delivered big gains for its shareholders over the past five years. In fact, BLK shares are up 188% over the past five years. More recently, the company's shares are up over 50% in the past six months.
BlackRock is an asset management firm that provides portfolio management services to corporate and public pension plans. It also manages pension funds for insurance companies, mutual funds, endowments, and private foundations. You might say that BlackRock is the money manager of choice if you've got a really big pension fund in need of the best money managers around.
If you don't want to take advantage of the competence of BlackRock's money managers, you don't have to be part of a pension fund. All you have to do is buy their high-priced, bargain stock.
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Reader Comments (Page 1 of 1)
10-03-2009 @ 5:04PM
S said...
CIC should have invested in Rock, not Stone. Sachs, not Stanley.