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

Extremely well-managed company. They did a $1 billion issue in the last week and are making a significant purchase of some properties in the US. Thinks the combination of new equity and their debt has caused the stock to pull back a little. People are waiting for more details on the acquisitions they are making. He has been looking at this.

This is a wonderful company. Have tremendous assets. He would Buy on this pullback.

Had a pullback today, which he feels was because of a large $1 billion financing overnight to raise some capital. They made a $300 million commitment to invest in Brookfield Infrastructure (BIP-N). A well-run company.

Likes it for the longer term. Might be susceptible to a market pullback. They are looking at more investment in Brazil and Europe. Don’t rush in at this point.

A top quality company that gives you global exposure in a number of areas. They have growth in the business and if you are willing to pay for it, the growth is in it. He has BIP.UN-T and BPY.UN-T. They are all top quality management teams and do a good job of investing capital.

He started buying in the fall. The stock has run up a lot. He would wait for a pullback to buy more. There has been a lot of insider selling.

They are really good at managing assets. It is a little toppy and, if he owned, he would consider paring off half, and let the other half run. He would wait for it to start to weaken to maybe $55 and then maybe Buy the next half on a new high.

Although it has gone up very far and very fast, it is in line with what US REITs have done in Cdn$’s. Not cheap and is getting expensive. Feels it is fairly valued. At some time, in the next few months, there will be a pullback and that would be the time to jump in.

Has held this for decades and he likes the story. Feels management is a bunch of brilliant people, and they are all focused on creating shareholder value because they are shareholders and owners themselves. In this low interest rate environment, pensions, endowments, etc. are looking for alternative assets to get access to, and one of the ways is to co-partner with this company. Raising lots of money to invest in distressed assets and in long life interest structure assets, and he thinks they are going to make a bunch of money. Just raised the dividend 6%.

(A Top Pick Feb 21/14. Up 54.82%.) Sold his holdings about 6 months ago, looking to reduce his overall market exposure. A very well-managed company. In asset management, infrastructure and real estate, which are the right asset classes. There is a lot of insider ownership. Not a cheap stock, but have done a phenomenal job of growing their NAV over time. If the market sold off and this stock sold off with it, he would be looking to Buy back in again.

This has a wonderful diversified portfolio of office space. His Value Momentum fund is very much about owning companies that are both doing well in the market and doing well with their results. This company has been very consistent in both.

A great company with a great management team. With names like this that have done really well, he’ll start off with a smaller position, and if the name sells off, he adds to it. If it does very well, then you just trim back.

The parent company of all of the Brookfields. This is a Buy as well as a long-term Hold.

This is where all their top managers own their equity in the portfolio.

This is the largest position in his portfolios. A collection of very strong cash flow generating assets. We are in a world where return is hard to come by. They are getting great returns in their underlying units, and there is great demand for distribution paying entities. There is a very strong demand for management with hard assets. This is a great, long term hold.