Brookfield Asset Management Inc.

BAM-N

NYSE:BAM

62.09
0.18 (0.29%)
Brookfield Asset Management Inc. is a global alternative asset manager with approximately $285 billion of assets under management, focusing on real estate, renewable power, infrastructure and private equity.
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Analysis and Opinions about BAM-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
January 9, 2020
(A Top Pick Jan 09/19, Up 43%) Today is not the day that it's too late to jump in. Still buying with fresh dollars. Secular flow of money into real assets like renewable energy, or infrastructure, at the expense of stocks and bonds. Expertise. Dominant in the alternative asset space.
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(A Top Pick Jan 09/19, Up 43%) Today is not the day that it's too late to jump in. Still buying with fresh dollars. Secular flow of money into real assets like renewable energy, or infrastructure, at the expense of stocks and bonds. Expertise. Dominant in the alternative asset space.
BUY
BUY
November 27, 2019

BPY has been stuck and he thinks it will continue. They are high quality and are cheap in terms of value. However, it suffers from its relationship with the parent. Their assets are office in London and shopping malls. He thinks though when they privatized assets to the parent they did not pay fair market value. He thinks you should own BAM instead as they collect fees instead of paying fees like BPY.

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BPY has been stuck and he thinks it will continue. They are high quality and are cheap in terms of value. However, it suffers from its relationship with the parent. Their assets are office in London and shopping malls. He thinks though when they privatized assets to the parent they did not pay fair market value. He thinks you should own BAM instead as they collect fees instead of paying fees like BPY.

BUY
BUY
November 7, 2019
BAM.A vs. BPY.UN Neither for steady income. He owns BAM. All the other Brookfield pieces flow up to the top. Dividend not huge, but capital appreciation good. Another steady income is Brookfield Infrastructure, with a higher dividend.
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BAM.A vs. BPY.UN Neither for steady income. He owns BAM. All the other Brookfield pieces flow up to the top. Dividend not huge, but capital appreciation good. Another steady income is Brookfield Infrastructure, with a higher dividend.
BUY
BUY
November 6, 2019
He does not own BAM. It is a fabulous company and the dividend is solid. They just seem to land on their feet now wonder what happens. A pillar in any portfolio. He wished he owned it.
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He does not own BAM. It is a fabulous company and the dividend is solid. They just seem to land on their feet now wonder what happens. A pillar in any portfolio. He wished he owned it.
HOLD
HOLD
September 20, 2019
He expects this could go a little higher. At the top of the Brookfield pyramid, it is a broad based of all kinds of assets. It will move a lot like the market -- almost too diversified. It is pretty close to full valuation here.
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He expects this could go a little higher. At the top of the Brookfield pyramid, it is a broad based of all kinds of assets. It will move a lot like the market -- almost too diversified. It is pretty close to full valuation here.
BUY WEAKNESS
BUY WEAKNESS
September 20, 2019
He likes it and it’s a good name. It’s still tradings at a reasonable valuation. He wouldn’t buy it now and would wait for a pullback.
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He likes it and it’s a good name. It’s still tradings at a reasonable valuation. He wouldn’t buy it now and would wait for a pullback.
COMMENT
COMMENT
July 9, 2019

In isolation BPY.UN-T is a great name. It trades at a large discount to NAV and pays a yield of 6%. He looks at other real estate stocks and he would favour owning the parent BAM-N. He prefers the parent as they collect fees from all the other entities. Now is a good time to own BPY.UN-T due to the discount to NAV and this lower interest rate environment. He would be cautious that they do hold a lot of retail shopping centres, which may require capital investment in the future.

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In isolation BPY.UN-T is a great name. It trades at a large discount to NAV and pays a yield of 6%. He looks at other real estate stocks and he would favour owning the parent BAM-N. He prefers the parent as they collect fees from all the other entities. Now is a good time to own BPY.UN-T due to the discount to NAV and this lower interest rate environment. He would be cautious that they do hold a lot of retail shopping centres, which may require capital investment in the future.

PARTIAL BUY
PARTIAL BUY
June 4, 2019
Analyst price is lower than market? He does own it and other in the brand. This is the overall holding company with all asset revenues flowing up to it. He does like management. Why it is trading above analyst forecast prices, he is not sure. He recommends looking longer term and invest a little overtime to participate in short term weakness.
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Analyst price is lower than market? He does own it and other in the brand. This is the overall holding company with all asset revenues flowing up to it. He does like management. Why it is trading above analyst forecast prices, he is not sure. He recommends looking longer term and invest a little overtime to participate in short term weakness.
TOP PICK
TOP PICK
May 27, 2019
A global company, in both developed and developing markets. Second largest global asset manager, just behind Blackstone. A chance to participate along with some of the brightest minds in asset classes retail investors can't normally touch, like infrastructure, private equity, renewables, and real estate. Recent acquisition is counter-cyclical, allowing them to benefit from distressed asset sales. Yield is 1.36%. (Analysts’ price target is $73.02)
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A global company, in both developed and developing markets. Second largest global asset manager, just behind Blackstone. A chance to participate along with some of the brightest minds in asset classes retail investors can't normally touch, like infrastructure, private equity, renewables, and real estate. Recent acquisition is counter-cyclical, allowing them to benefit from distressed asset sales. Yield is 1.36%. (Analysts’ price target is $73.02)
COMMENT
COMMENT
April 24, 2019
Anything with the Brookfield brand is a good investment. You have to decide what you are looking for. For BPY.UN-T, the yield is the best -- 4.5%. If you are looking growth, consider BAM-N. It has global reach and sees great deal flow. He is staying out of real estate at this point and owns none of the Brookfield names.
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Anything with the Brookfield brand is a good investment. You have to decide what you are looking for. For BPY.UN-T, the yield is the best -- 4.5%. If you are looking growth, consider BAM-N. It has global reach and sees great deal flow. He is staying out of real estate at this point and owns none of the Brookfield names.
BUY
BUY
January 10, 2019

Bought it a year and a half ago. Very well managed. They have four verticals: infrastructure, renewables, property and private equity. Very global. Long term secular. Great investment.

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Bought it a year and a half ago. Very well managed. They have four verticals: infrastructure, renewables, property and private equity. Very global. Long term secular. Great investment.

TOP PICK
TOP PICK
January 9, 2019
Acquirer and manager of assets of all stripes. Competitive advantage is their size and scale. Large reach means they have deep operating expertise. Going to be using about 40B of free cash flow to buy back shares which will drive shareholder value. Good, long-term secular hold. Yield is 1.5%. (Analysts’ price target is $67.66)
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Acquirer and manager of assets of all stripes. Competitive advantage is their size and scale. Large reach means they have deep operating expertise. Going to be using about 40B of free cash flow to buy back shares which will drive shareholder value. Good, long-term secular hold. Yield is 1.5%. (Analysts’ price target is $67.66)
COMMENT
COMMENT
August 10, 2016

She likes their private equity space. They have a number of arms of infrastructure. She has a number of companies that do similar things, which give the same kind of dynamics. Prefers a Tricon (TCN-T) or a KKR (KKR-N) instead. (See Top Picks.)

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She likes their private equity space. They have a number of arms of infrastructure. She has a number of companies that do similar things, which give the same kind of dynamics. Prefers a Tricon (TCN-T) or a KKR (KKR-N) instead. (See Top Picks.)

BUY
BUY
April 5, 2016

Great company. Stock fell when a newspaper put out an article about their use of fair value, and how assets were valued. This is a fee generating machine with about $300 billion of capital that it generates. Also has its own invested capital. This is a good opportunity to be invested.

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Great company. Stock fell when a newspaper put out an article about their use of fair value, and how assets were valued. This is a fee generating machine with about $300 billion of capital that it generates. Also has its own invested capital. This is a good opportunity to be invested.

BUY
BUY
July 14, 2015

Great company. Had a correction after a pretty nice move, but does appear to be on trend. There is a consolidation from May on which might not be too bad. If probably represents an okay entry point.

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Great company. Had a correction after a pretty nice move, but does appear to be on trend. There is a consolidation from May on which might not be too bad. If probably represents an okay entry point.

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