Financial Exemptions, Solid Business Model Make KKR (KKR) Cramer's Choice
Tweet
Share
E-mailGet Alerts KKR Hot Sheet
Join SI Premium – FREE
Kohlberg Kravis Roberts & Co. (NYSE: KKR) is showing a little life Tuesday, following some bullish comments by CNBC Mad Money Host, Jim Cramer.
Cramer said, along with The Blackstone Group (NYSE: BX), that KKR is exempt from new financial regulation, which will keep bigger investment banks like Goldman Sachs (NYSE: GS) with their hands tied behind their backs. Cramer said that KKR is his pick of the two.
Summarily, KKR's operations consist of borrowing money to buy companies, turning them around, and bank on subsequently successful IPOs. Cramer notes KKR nets about 3.3x its original investment on deals it has sold.
KKR delivers a distribution to unitholders equal to a yield of about 6.7 percent, and has $61 billion in Assets Under Management.
KKR is trading 1.7 percent better this morning.
Cramer said, along with The Blackstone Group (NYSE: BX), that KKR is exempt from new financial regulation, which will keep bigger investment banks like Goldman Sachs (NYSE: GS) with their hands tied behind their backs. Cramer said that KKR is his pick of the two.
Summarily, KKR's operations consist of borrowing money to buy companies, turning them around, and bank on subsequently successful IPOs. Cramer notes KKR nets about 3.3x its original investment on deals it has sold.
KKR delivers a distribution to unitholders equal to a yield of about 6.7 percent, and has $61 billion in Assets Under Management.
KKR is trading 1.7 percent better this morning.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BrightSpring to join S&P MidCap 400, Karman to join SmallCap 600
- Lucid: Alixpartners Assisting In Improving Execution - Bloomberg
- Lucid Group halted on volatility, down 30% after report of potential bankruptcy
Create E-mail Alert Related Categories
Trader TalkRelated Entities
Jim Cramer, Kohlberg Kravis RobertsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
