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

The chart shows a long sideways pattern followed by a more recent trend upward. You don’t want to see the trendline broken, with a drop below about 45. (Analysts' price target $59.01)

Season group. Assets around the world. Safe company. They own real estate assets. Their finances are good. Safe way to participate in world markets. A buy and hold situation.

This has been a great stock. You are buying a lot of long life assets with this stock. They are things that benefit when interest rates are falling. While this company has wonderful assets and it is a great business, you might consider peeling some off, and owning something that is more tied to reflation of assets, shorter duration assets.

A brilliantly run incredible company and massively successful. He is not buying this, because infrastructure type companies are susceptible to rising interest rates. This is such a creative outfit, that if rates keep going up and there is more downside, he might become interested.

A story of higher interest rates. They’ve been thriving in an environment of rising institutional allocations, going to real assets in lieu of bond yields. You have to ask yourself how low are interest rates likely to be for the next 5-10 years. If you believe we are in a lower for longer interest rate environment over the next 3-5 years, it is not a bad time to be picking away at this. He is modelling 13% pre-cash flow growth per share 2017-2019. Feels you could buy this on its current dip.

This is a stock you have to take a longer-term view on. It's not a company he would think about on a quarter to quarter basis. They have a lot of long-life assets and are seen as one of the premier alternative asset managers globally. You really have to believe they are going to be able to compound their NAV for a long period of time.

Another stock that sold off on the news of NAFTA. It gives you exposure to renewable energy, infrastructure, real estate, financial business, venture capital, merchant banking through business partners. Kind of a one-stop shop for a lot of industries. He would buy on a dip.

Has broken out of its mega long base that has been in place since 2015. This is a kind of way of owning infrastructure and properties. Also, Brookfield are money managers and manages assets. Feels they have some growth, and he loves the chart break out. He is looking at this as a 1-2 year hold at least. (Analysts' price target is $46.)

He views the management as the best asset managers in Canada and among the best in the world. They are continually successful in raising more pools of capital. When they raise these pools, they get a management fee as well a percentage of the profits when the project is sold. The latter is not recognized in the stock price. The dividend will tend to rise as it flows up from the companies beneath it. A key hold for every Canadian investor.

A global asset manager with a focus on real estate assets, infrastructure, renewable power and private equity. When you own this, the parent company, you are owning pieces of the other listed partnership. Management is going to do a good job of growing assets, but where he gets really excited is their opportunity to grow their fee bearing capital, the external money they manage for other investors. Dividend yield of 1.3%. (Analysts’ price target is $46.)

(Market Call Minute.) A very good manager of multiple funds. They get a flow of inflows from Brookfield’s Limited partnerships.

When looking at this, you can't really look at P/E, you have to look at NAV, meaning you have to break up the subsidiaries and come up with a NAV that way. (See Top Picks.)

This does what everybody in the big institutional world wants to do. It owns real assets. Railways, highways, seaports, hydroelectric dams, and manages hundreds of billions of money that it gets paid a fee on and that it gets a “carried interest” on. A lot of people don’t understand the value of “carried interest”. If it buys a major project, which gets sold 10 years later, it gets a piece of the action which doesn’t show up on its balance sheet right now. Brookfield thinks its shares, that are currently in the $50 range, are going to be $100 a share in 5 years. Dividend yield of 1.4%. (Analysts’ price target is $45.)

Just had their Investor Day in New York, and they said “more of the same”. Thinks they are modelling 9% AFFO growth compounded annually over the next couple of years. They are comfortable with US bond yields, even between 3.5% and 4% in the US, and are still going to be a while to grow their business. A name that never seems to get cheap. You can still buy this, but wait for a bit of a pullback.

A premier asset manager. They have the renewable partners along with all sorts of entities. His only caveat is that they seem to be always raising capital. When they go to the capital markets, that depresses the price in the short term. This is not cheap.