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

April 24, 2013 | About:
"No credit, no problem," says Jim Grant.

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