Opinions Andrew Pyle
Brookfield ReinsuranceBNRE.TOBUYApr 01, 2024
Andrew PyleUnknown
$55.86
Stock price when the opinion was issued
$63.93
As of Sep 05, 2024. Market Open.
insurance
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BN-T is offering shares of BNRE in a swap--accept it?
Unfortunately, Brookfield is looking like the old Brascan empire, a plate of spaghetti, where they spin off all these entities, then buy them back and it's hard to keep track of how many there are. That said, BAM and BN-T are grossly undervalued. The market is overreacting to the impact of commercial real estate BN-T, in particular. Do the swap.
insurance
It's done extremely well since the company made a major change in 2023 and has exceeded expectations. Almost no dividend, so returns are in the share price. This will continue to do well though now in a consolidation pattern. Good to own.