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Jim Grant Rarely Recommends Specific Stocks - But Today He Has Two Recommendations

April 24, 2013 | About:
Canadian Value

Canadian Value

"No credit, no problem," says Jim Grant.

His favorite publicly traded stocks right now are Blackstone (BX) and KKR (KKR).

Yes, he likes the private equity managers because they have been beneficiaries of extremely low interest rates and the current ability to sell portfolio investments.

These companies yield over 6% and trade at a PE ratio in the single digits.

He thinks both companies offer a margin of safety at current prices.

It is rare for Grant to make public stock recommendations, so this might be worth paying attention to.

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Canadian Value

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