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

It is a favourite of his. He owns it personally but not institutionally. There is very little dispersion around the line on the chart. It is effectively an opportunity to get private equity expertise in a public equity wrapper. 80% of their cash flows come from fees.

It has pretty good price momentum, reasonable valuation and pretty good volatility. 15 times earnings is not outrageous for this business. It has a small dividend and a good payout ratio. It is not quite cheap enough to interest him.

It's had a nice, long uptrend since 2014. Don't worry about interest rates rising, though it's a background factor. No worries about this chart.

(A Top Pick September 12, 2017. Up 17%). This is an alternative asset manager. Their focus is on buying hard assets including real property, infrastructure, and renewables, They also have a private equity arm. This (alternative asset management) is a growing category with a lot of interest from other groups such as pension fund managers. They raised funds recently and have a lot of liquidity to invest. Senior management also owns their equity.

It is an alternative asset manager. He has three others. He prefers Blackstone.

his is a well-managed group of companies with a safe dividend yield. He just does not see the growth going forward to attract his interest.

Incredible company. Executes incredibly well. These guys are very smart. They understand when things are cheap and have the firepower to execute on that.

He owns some in his larger-cap strategies. It’s a great business, a great holding company and he expects to see a steady increase in dividends. He likes the underlying subsidiaries. He sees it as a smaller version of Berkshire Hathaway that gets to play in deals that are too small for Berkshire Hathaway.

They can widen their moat. Brookfield can raise a lot of money in the asset classes they manage. The cash and brand compounds, earning the trust of sovereign wealth funds, etc. (1.4% dividend yield)

(A top pick August 16/17, up 12%) Continue to like it. A global asset management. They focus on 4 areas: real estate, infrastructure, renewable assets, and they have a private equity group. They have a real good track record. Look for stable cash flow streams and they are well positioned going forward.

Brookfield is one of the world’s foremost manager of alternative long duration assets. They manage around $200B in assets. They have tremendous financial strength and a variety of funding sources. It is a complex corporate structure. They attract capital from other institutional investors. They have deep expertise. (Analysts’ price target is $62.32)

They own Brookfield Business Partners LP (BBU.UN-T) which is the private equity arm of the business. They owned for many years but sold it because of the price of the stock. Generates a lot of fees. They have scale. They are global. Very well-run company. It will continue to do well.

All the Brookfield stocks are well-run. Safe dividends. Buy them on weakness. They could even raise their yields.

A blue-chip company. He has a US$47 target. Well-positioned for growth. He's sold part of his holding, because these stocks have pulled back. They hold globally diversified assets, which he likes.

(A Top Pick April 2/18 Up 6%) He liked the support near long term trendline levels. He thinks it is a great stock to buy and hold for the long term.