Opinions Jonathen Wellum, B. Comm, B. Sc
Brascan CorporationBAM.LV.A.TOBUY ON WEAKNESSJun 23, 2006
A closed end sort of alternative asset management. Has large positions in the properties, hydro electric, timber. A little bit expensive. Would buy on 10% weakness.
$45.71
Stock price when the opinion was issued
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BUY
He owns some of the Brookfield stocks. This is the top company in the pack. A truly great company with fine management. You can buy and hold this and do it on a DRIP. Ride it for a long time.
Michael DecterOwned
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BUY
Very solid hold. It should continue to go up. They are in a great area. Well-managed.
Michael SmedleyOwned
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DON'T BUY
3 companies, Brookfield Asset Management (BAM.A-T), Home Capital (HCG-T) and Kingsway Financial (KFS-T) have been great calls for the last couple of years and all 3, in the last couple of months, have started to show weaker characteristics. Most of it is probably due to higher interest rates and prospects in the real estate market.
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A well diversified company, used to be "Brasscam"
More value to come.
More growth here.
Bill MacLachlanOwned
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TOP PICK
Management has been concentrating on hot assets. Have a lot of forested land in B.C. Forestry is a commodity that has not moved but there will be a big demand out of Asia. They have raised their dividend consistently.
Gavin GrahamOwned
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DON'T BUY
Had a spectacular rise. No sign of a top yet. 1 year chart shows movements are starting to get laboured and the trend line has become much more gentle. Made a top in Sept and then a slightly higher top in Oct which could be a sign that the stock is running out of steam. Once it breaks the trend line, the downtrend will start to get underway.
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