Black rock (company that owns you and you don't even know it) is building a new stock excange in Texas!
$BLK (BlackRock Inc) is a biggest investment fund manager in the world, and it is said that this company owns the world. Laurence Fink founded Black Rock in 1988, so it is very impressive that they already own the world.
I've been monitoring this company for some time and thinking of buying this stock. It already looked as great buy since revenue is growing year after year, same as market capitalization. Both P/E (26.29) and P/B (3.75) are a bit high but nothing concerning (both indicators of overvaluation). Earnings per share is growing and number of shares outstanding is falling. Only bad thing about BLK is they are going big on crypto and I don't like it.
Then I heard the news that Black rock and Citadel are building a new stock exchange in Dallas Texas to counter New York stock exchange. Why is that a big news you ask wise investor. Well because most powerful company in the world wants to open its own market and I wanna be early on it.
Why Texas?
Because lot of smaller cap companies find it difficult to get on NYSE, and taxes in Texas are smaller than New York also Texas is a much buissnes friendly state. More and more businesses are moving to TA.
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I have just learnt that Black Rock is the largest shareholder of TESCO - probably the largest supermarket in the UK. They own supermarket, petrol station, bank, insurance, mobile phone network, pharmacy ....almost everyone’s life is related to it.... Show More
la meilleure des choses a faire est de rester sur le chemin qui défini ta stratégie telle qu'elle est.. et ta stratégie est éfficace
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