Brookfield Corp (BN.TO)

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.

He always likes to stand next to the guys driving the bus. BN has all the benefits of BAM and its subsidiaries, plus huge real estate portfolio which is valued at almost nothing right now. 

He's invested heavily in private equity, and those businesses have grown ~15% a year, which is reflected in the stocks. No reason for this to slow down, long runway.

Lower dividend yield, less than 1%. Owns riskier assets such as real estate. She owns the businesses underneath, as she likes those assets better and they have higher yields. She owns BIP.UN and BEP.UN; likes, but doesn't own, BAM.

See her Top Picks.

It is a pretty good looking chart with a kind of rounded bottom. It has broken out from the bottom so look for a bit of a pullback and then buy.

Bit of a valuation discount because of real estate exposure. Built to be counter-cyclical, and this could be a challenging environment. Always capitalizing on volatility. At last count, $150B dollars of capital to allocate across its different platforms. Well positioned, global. Yield is 0.7%.

There was some overhang a year ago because of some office real estate holdings. However Brookfield's office holdings have quality tenants who are not leaving. It has great assets and has diversified into renewables and infrastructure.

Stock performance has done well. Will continue to own shares. Great company - one of the World's best capital allocation machines. Ability to compound money has been good. A good way to get exposure to diverse sectors. Also a good way to get exposure to private markets and companies. 

Likes it long term. Nice rally, but really just getting back to where it was previously before interest rate hikes. Some  issues with real estate, including defaults, but most office buildings are very high quality. Very global, successful fundraising. Likes its subsidiaries. She'd still be buying.

It has many businesses, power plants, real estate, etc. He is concerned about office buildings where too much space is not being used. This type of real estate is flat to down.

It is complex, but also high quality and a big success over the years. He suggests just buying shares and going along for the ride. Known for higher returns and profitability. So well diversified. $900B in assets. Great job from management and CEO.

International. 90% of revenues from outside Canada. At 11x earnings, considerably cheaper than BAM. Small dividend yield, but you're really owning for share price appreciation over time.

Likes it. The PE is still reasonable. Being the parent company, they can move around capital to capture value for shareholders. Would buy it today.

Compounding total returns for shareholders over the long term. Over the last decade, delivered 15% annualized return. Company expects NAV to grow 17% compound return for upcoming 5 years. Wider discount than normal right now due to commercial real estate. Yield 0.8%.

With the BoC beginning to cut interest rates, we would be comfortable buying BN here given its strong and capable management team, good recent momentum, and high expectations for forward growth.
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