The BlackRock Investors Cling To (BLK, LM)

July 25, 2008 | By Gregory S. Davis Uncertainty is all around us. The housing market in most states is declining; the stock market is down 500 points one week then up 350 points the next, and elevated commodities prices have investors wondering if they've peaked or are poised for further gains. This uncertainty equals business for asset management firms like BlackRock (NYSE:BLK) that offer institutions and individuals a wide range of investment options and advisory services. Investors building a portfolio of companies who are strong in providing asset management services should not overlook the following. Merrill Won't Sell BlackRock has nearly $1.4 trillion in assets under management (AUM). For the first three months of the year revenue increased 29% to $1.3 billion over the same period a year ago. On a GAAP basis,... [read full story]