Brookfield Asset Management Inc (A)…

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

0.00

-0.00 (0.00%)

971 watching

TOP PICK

They own a lot of hydroelectric power generation. Facilities last 100 years. Lots of access to credit, conservative balance sheet. Biggest risk is that they buy the wrong thing. They are not fully invested at this point. Likes the dividend.

PAST TOP PICK

(A Top Pick March 17/08. Down 36.1%.) Preferred “M”s. Par value of $25 and a coupon of 4.75%. Has been buying more because of a pre-tax return of 13.25% and Government’s are 2.7%.

HOLD

(Market Call Minute.) Valuation is interesting but doesn't think commercial/office real estate would be at the top of his list right now.

SELL

(Market Call Minute.) Doesn't see real estate turning around for a protracted period of time.

COMMENT

Preferreds? Own part of Brookfield Properties (BPO-T) but also an active manager and own utilities, asset management and financials. Prefers common stock for the recovery. Well capitalized with great management. Great long-term assets. When the dust settles, they will be a player in consolidation and take advantage because they have liquidity.

BUY

Really likes where this is right now. Got rid of a lot of their economically sensitive names. Focused more now on asset management of real estate and infrastructure products. Have about $4 or $5 billion in their war chest to start spending on distressed real estate and infrastructure projects.

TOP PICK

Very well run. They do incredibly well in times like this. Have about $4 billion in cash and bank lines. Have some great assets that they can add to. Smart operators on the restructuring side.

BUY

Has suffered during the economic downturn. Likes them for the long-term. Should be able to sustain through the recession and weather the volatility. Strong balance sheet.

COMMENT

Commercial exposure in the US. People are focused now on what will happen to commercial real estate, leases, etc. in the next year. Well-managed company and will likely pull through in the long-term.

PAST TOP PICK

(A Top Pick May 30/08. Down 49%.) Their exposure to the US high-end office market took the stock down. Very high quality assets. Consider tax loss selling.

COMMENT

Preferreds. Some are north of 10%. Strong, well-managed company. Huge landlord and people, in New York in particular, are going bankrupt and losing their jobs. Preferreds all over the board are trading at monstrous yields. Look at the company’s report (on the Internet) to see the date they can redeem shares.

PAST TOP PICK

(A Top Pick May 30/08. Down 37 %.) Has performed pretty much in line with the market. Has been hit because of their exposure to real estate, especially high-end office real estate in New York. A lot of diversification. Well-managed. Likely to have a year or 2 of relative weakness. Good Buy.

PAST TOP PICK

(A Top Pick Nov 12/07. Down 13%.) Sold his holdings, but still likes the company. Starting to buy some assets at bargain rates. Expects considerable upside at some point. Hold.

PAST TOP PICK

(A Top Pick Aug 23/07. Up 4.3 %.) Sold off sharply, partly because of real estate and partly because of the credit crisis. They have an excellent set of assets and top-notch managers. History of increased dividends. Excellent entry price.

COMMENT

Transformed themselves into more of an asset management. They take base assets with stable cash flow. Find partners and collect a fee while putting in some of their own money. Great long-term story. More fully valued near-term. It may be under a bit of a cloud for a while.

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