Blue All 稳健的资产管理业务（永久资本、数据中心）与其高企的头条风险及股价下跌形成反差，导致期权波动剧烈，卖出看跌/看涨期权可带来高回报，同时股息率约为 9.5%。
逐段跳播
我知道你以前做过这个，但我们可以研究一下上次讨论过的“Blue All”这家公司。我认为“Blue All”很有意思，因为它正在登上头条，存在很多头条风险，而且很多人对它持有强烈的看法，不是一边倒就是另一边倒。
I know you've done that before, but we can work on the "Blue All" company we discussed last time. I think "Blue All" is interesting because it's making headlines, there are a lot of headline risks, and a lot of people have strong opinions about it one way or another.
这是一个很好的例子，因为谈到“Blue All”时，这是一家资产管理公司，其管理的资产绝大部分是永久资本。因此，他们收取的费用具有一定的稳定性。他们在多个不同领域积累资产，无论是房地产，还是正在建设的数据中心领域。
他们还有私人资本，而且他们有公开上市的私人资本，这是不同的。
It's a good example, because when you talk about "Blue All," an asset management company that has the vast majority of its assets under management is permanent capital. Thus, there is a certain stability in the fees they receive .
They have a variety of different sectors where they are accumulating assets, whether it is real estate, or whether they are in the areas of data centers that are being built. They also have private capital, and they have publicly traded private capital , which is different.
所以，他们上头条是因为不好的原因，但事实是这项业务根本没有风险。它是一家资产管理公司。所以我不认为……我的意思是，出于某种原因它是投资级信用。他们产生大量自由现金流。他们支付非常高的股息，但这是那种因为股价跌得太多、期权在买卖两端的波动都极大的情况。
因此，你可以在当前价格区间之外卖出回报非常高的看跌期权。你可以在当前价格区间之外卖出回报非常高的看涨期权，同时还能收取股息，股息大约在 9.5% 左右。那是非常高的比例。
So, they're in the headlines for the wrong reasons, but the truth is that the business is not risky at all. It is an asset management company. So I don't think ... I mean, it's investment credit for some reason.
They generate a lot of free cash flow. They pay very large dividends, but it is one of those cases where, because the stock has fallen so much, the options are extremely volatile on the buy and sell side.
Therefore, you can sell put options with very high returns outside the current price range . You can sell call options with very high returns outside the current price range while also collecting dividends , which are around 9.5% or something like that . That's a very high percentage.
这个频道对 $BX 的历次判断
The Acquirers Podcast 在这只股票上只有这一条判断。