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

Owns a lot of real estate on their own balance sheet, but had great success raising money from pension funds, which earns fees.

Great company. Run by extremely good people. They believe in what they are selling and are the largest shareholder in their own company. They are focused now outside of Canada.

(A Top Pick Dec 27/12. Up 21.65%.) During this time, it spun out Property Partners and he sold his Property Partners. Still likes the assets. Good management. There is a lot of opportunity in the infrastructure space and they are one of the biggest players.

With one stock, you are able to get exposure to a fantastic portfolio of global real estate, which he feels is an advantage. You are also getting other industries that are connected to global economic growth. Fantastic management team that charges fees to manage these assets. More and more pension plans and more and more clients are looking to them as they continue to do excellent deals. Their asset business will continue to rise.

A good play on real assets, real estate, power, infrastructure. Feels shares are trading at a 10% discount to NAV for 2015. Also, feels you are going to see 15% funds from operations (FFO) share growth from now through 2015. Would buy this one on a little bit of a pull back.

(A Top Pick Dec 27/12. Up 19.23%.) Spun off Brookfield Property Partners on April 15/13, which he sold.

(Market Call Minute) Diversified across global economy.

Recently there was a move to consolidate parts of their business. Everything he sees so far, he likes. He’ll probably pay more attention to this one in the new year. Good spread of assets. Thinks the environment will be favouring this kind of company as things settle down into more normal financial markets.

Core holding. Likes the management. Own some of the best towers in North America as well as South America. Focused on growing cash flow 15% over the long term. Fairly leveraged debt but turned out to cash flows. Smart operators. Stock is not inexpensive but over the long term you get a dividend stream, and although small, it will grow.

He likes the parent because ultimately all monies flow up. A diversified financial, so it is not a bank and they have a bit of the office side of real estate in their structure. Provide good diversification, especially in Canada, to the banks. Good yield. Cash flow is positive.

(A Top Pick Nov 22/12. Up 26.32%.) There was also a spin out of the Brookfield property part on April 15/13 and he sold off that portion. Great company. Have great assets. Great managers that understand those assets. Have built a really great reputation globally with pension plans, etc.

Has strong seasonality strength from mid-October right through until April of each year. Technically, 1) has broken to new highs and is in an upward trend, 2) trading above its 20 day moving average and 3) it is outperforming the TSE. With a technical score of 3 plus the seasonality, it is a Buy.

(Market Call Minute.) Loves this one. Has pulled off a little bit and this is a great place to be buying it. Great assets. Should have good cash flow and good returns.

Great company. Very complicated and it is hard for people to value. Great management team and great assets and they are long life assets.

Preferred series N. Using 5.34%. Clearly this is a perpetual preferred and as such, it suffers with the fall in bond prices. Similar to a Real Return bond. Their value is affected greatly by an increase in long-term yields.