Brookfield Corp (BN.TO)

Indicated a move of head office to US, but doesn't have to do with tariffs. They're global, yet Canada provides only a small percentage of earnings. Management believes a move would encourage more US-based indices to include it, thereby broadening its potential shareholder base.

Phenomenal compounder. Valuation still at massive discount to US peers. Management closely aligned with shareholders and working hard to unlock value. He'd consider buying today. Unique position with capital allocation to maximize its portfolio.

He doesn't worry too much about tariffs, given BN's geographic diversity and type of operations. Great business, well-positioned long term. Valuation discount not as appealing as in the past. Be mindful of your position size.

Managed well and owns several spin-offs, baby Brookfield stocks. The stock price has moved up a lot in the past year as has the group. But it needs a pause. This is not being negative about BN-T, but the correct stock price offers no safety. You can buy this, put it away and in 5 years shares will likely be higher.

Gets you into the private equity world of alternative investments, without having to hold a mutual fund. You get more liquidity in an individual stock, along with potential growth of M&A. US deregulation should enhance M&A activity, especially if the Fed cuts another half a point. That's why it wanted to move its head office to New York. 

Good allocators of capital. Only issue is that beta is higher, so stock price will be more volatile. Good hold for growth over the long term (whereas BAM provides income to retirees). Yield is 0.5%.

In an uptrend, not parabolic. Right now, it's making a normal pullback to a trendline. Good-looking stock.

Prefers this to BAM, which BN owns as well as many private assets. The CEO holds a lot of stock, too. 

BN is different from the diversified BRK, and is rather very narrow, holding real estate and infrastructure very well. There's less volatility here. No, it's not a proxy for private markets.

On a sharp rally, arced off the trendline. Not sure where the 200-day MA is, but once it gets too far ahead of that it's overbought. He'd be concerned about the angle, expect a pullback. But don't argue with the trend too much.

One of his go-to names in the Brookfield suite. If you're after growth, look at BN; the parent that owns all the entities underneath, including a big chunk of BAM. Private asset markets are still quite strong. Good for the younger folks who are looking for more torque higher.

BAM deals with third-party capital that comes in. Higher dividend, but perhaps a bit less growth. Good if you're in retirement or approaching it. Neat that it's done as well as BN, but you're getting the nice dividend too.

Both in client TFSAs.

It has been in very strong uptrend which is a little overdone/overbought. It is due for a pullback but he likes the trend.

Alternative asset management is a hot industry. This type of company provide the financing and has the products to sell to institutional investors and retail investors. Likes the industry as a whole. You can't make a living wage with bonds, and equity valuations are high. We're in a multi-year trend of assets flowing into private equity, especially as interest rates come down. 

His favourite in the space. Also the best way to play long-term green trends through its ownership of BEP.UN.

Fears that alternative assets would suffer with higher rates have not materialized. Large, global scale, good at fundraising, very good track record of performance. Has done well, but no need to sell. Alternative assets are a growing market.

Buy on any day that ends in "y". Demand for alternative assets is outpacing that for traditional stock-and-bond portfolios. Advantages of scale. Growing asset base by leaps and bounds. Compounded total shareholder returns near 20% since 2000.

Long term, prefers this to BAM. Follow the money, and BN is where most executives are compensated from and have significant net worth invested.