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

BUY
What will happen to this in a recession? The Brookfield group are outstanding. In a recession, these guys won't do as well as they are in. That said, he doesn't see a recession coming. Low-risk, good operators. They haven't made a major mistake over the last few years. Savvy.
HOLD
He likes their business, but does not own BAM.A-T at this time. It has been very successful over the years, which is why he does not own it -- it has historically been too expensive.
BUY
Very well-managed and for years they've returned a decent ROE and employed capital efficiently. A good time to look at this. There'll be more infrastructure built, and Brookfield's subsidiaries will feed into BAM'A.
PAST TOP PICK
(A Top Pick Aug 16/18, Up 1%) A very weak market since August, so he is pleased with its value. He would refrain from looking at short term returns in this space. Very conservatively this is worth $50 US per share. They raised $12 billion last quarter to target their NAV to $118 in the near future.
WEAK BUY
Which Brookfield stock to buy? Tough call, because they're always priced at a premium and they are prolific stock issuers (which could knock down a stock). He'd choose BAM'A: stable with good price momentum. BPY is his second choice. To be honest, he sees better value in non-Brookfield REITS and infrastructure companies.
PAST TOP PICK
(A Top Pick Oct 03/17, Up 14%) Great managers. Still loves it. Great for growth. Should be a core holding.
TOP PICK
Q3 was a very big beat and they are seriously growing their earnings. Funds from operation per share were way up, and he forecasts 10% growth there. As long as they execute and interest rates don't skyrocket, this stock will work. (Analysts’ price target is $69.25)
PAST TOP PICK
(A Top Pick Sep 21/18, Down 1%) They have a recurring revenue model. This is a global play. They keep adding to their portfolio of assets they manage. They hit a home run on their latest earnings report. They beat both top and bottom line and have good guidance for next year.
BUY

It has a really good trend. It is volatile with a choppy chart. It is probably one of the best asset managers out there. He is probably going to start to look at this one.

TOP PICK

She likes the alternative asset space, because there's a growing demand to invest in infrastructure. It's more of a growth company next to the other Brookfield stocks. They will raise new capital with new funds. Existing clients are committing more captiall to invest--a good sign. They're global. Management owns 20% of the stock. (1.4% dividend, Analysts' price target: $67.09)

TOP PICK

Owned it before. They generate fees and carry on massive amounts of money that they have raised. Provides stability to the portfolio. Dividend yield of 1.4%. (Analysts’ price target is $67.09)

BUY

He likes the asset management space. They have a very strong balance sheet. He prefers this parent to the other Brookfields.

SHORT

How this company is up with interest rates going up? They do benefit from having fees on other people’s money. She thinks it doesn’t trade off of its yield necessarily, but rather for the sum of parts that is made of.

HOLD

It's done well for him. BAM owns a variety of properties including infrastructure, so you can't say that rising interest rates will automatically pressure it. BAM is in a trend channel, and maybe due for a pullback. The chart is not parabolic. He sees no problem with this chart if you want to hold it for the mid- or long-term. Pays 1.3% dividend.

TOP PICK

He likes all the companies’ assets with strong recurring revenues. For anyone who needs income in their portfolio this a great holding. Yield 1.4%. (Analysts’ price target is $64.08)

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