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Brookfield Asset Management Inc (A) (BAM.A.TO)

STRONG BUY
It has been a wonderful holding for people. Their business model is a good one. If you owned only 5 stocks then this could be one of them.
STRONG BUY
Favourite Brookfield stock? Easy: BAM. Every Canadian should own this. They have the expertise and global scale to own world assets. They receive all kinds of fees, including bonus and performance fees, that they wisely reinvest. They know when and what to buy and sell. Great managers.
BUY

KKR-N Prefers BAM to KKR. BAM is more diversified internationally and its dividend is always growing. BAM is the largest asset manager in the world. They have the operational expertise. All Canadians showed own this; it has the international exposure. It's never too late to jump onto BAM, even as the stock keeps climbing. BAM is the best of the Brookfield stocks.

BUY ON WEAKNESS
Parent or the Subs? It has done well -- up 46% in one year. It won't repeat this again this year and the NAV may be fairly valued. Over 3-5 years this would be a good holding. If you are holding for one year, he would wait to buy on weakness -- about 5-7% weaker.
BUY ON WEAKNESS
In 2017-2018, it steadily rose, but in 2019 it aggressively rallied. Recently, it's been slightly pulling back, but nothing to worry about. Maybe it's a little overbought and could pull back a few bucks.
BUY ON WEAKNESS
Fantastic chart. Straight up all 2019. Expects a correction to $70-72 (down 3-5% in mid-January). Definitely buy on weakness.
BUY
Brookfield owns a variety of businesses under various stocks like BPY, but BAM touches all those and is the holding company. They're all very well-run businesses. BAM should be a core holding, run by great managers. They pay a small dividend yield though, over 1%, and trades at 15x price-to-cash flow. They hold the best property assets in the world. They got out of a lot of resource companies. He sold BAM to buy Brookfield Property Partners.
BUY
Granite vs. BAM Granite has done well and he regrets not buying it. They've done a great job transforming the Magna assets. It's come a long way. He's neutral on it now. BAM is totally different, a huge conglomerate, a premier stock. You can't compare the two.
BUY ON WEAKNESS
Better to own this than the banks. They can benefit from low interest rates. They invest in infrastructure assets and generate performance fees on top of that. Their fee-related earnings were up 36% year-over-year. They're well-funded and invest that money well. He will certainly add on any pullback. It will grow over time.
PARTIAL BUY
A stop loss is a great backstop, so you can cut your losses and let your winners run. Looks overbought right now. Start with a 2% position today, and add another 2% if there's a pullback. Large reach in emerging markets, and best way to access infrastructure all over the world. (Analysts’ price target is $85.00)
BUY
They’ve owned it for a long time, and it is a great model. Net asset values can change so he wouldn’t make decisions based on this. However, he thinks they will continue to earn a satisfactory return for shareholders and he believes in the management team.
COMMENT
Sell BAM and buy Onex? Don't chase this. This chart is straight up. It's running. Where do you enter? Hold onto Onex.
BUY
Sell Onex and buy BAM? Tailwinds are behind them because management has the confidence of the market.
BUY
Worth buying despite a strong run-up? Yes. For the past 10 years, investors have complained that BAM is fully priced. True, sometimes the chart looks stretched, but he believes in management.
STRONG BUY

A big holding for him. BAM is the top Brookfield stock and has phenomenally grown in recent years. There's even more room to grow in real estate, infrastructure and private equity. They are alternate investments for folks like pension funds which appeal to them because these funds are more than super-safe bonds. A core holding.

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