Brookfield Asset Management Inc.

BAM-N

NYSE:BAM

58.24
0.08 (0.14%)
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.
More at Wikipedia

Analysis and Opinions about BAM-N

Signal
Opinion
Expert
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.

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.

Jeffrey F. Olin
President & CEO, Vision Capital Corporation
Price
$58.095
Owned
No
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.
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.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$56.560
Owned
Yes
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.
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.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$55.975
Owned
No
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.
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.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$53.900
Owned
Unknown
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.
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.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$53.900
Owned
Yes
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.

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.

Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$48.570
Owned
Unknown
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.
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.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$46.510
Owned
Yes
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)
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)
Brett Girard, CPA, CA, CFA
CFO and Portfolio Manager, Liberty International Investment Management
Price
$46.720
Owned
Yes
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.
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.
Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$47.720
Owned
No
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.

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.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$40.690
Owned
Yes
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)
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)
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$40.790
Owned
Yes
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.)

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.)

Jennifer Radman
VP & Sr. Portfolio Manager, Caldwell Investment Management
Price
$35.330
Owned
No
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.

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.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$32.780
Owned
Unknown
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.

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.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$35.790
Owned
Unknown
COMMENT
COMMENT
December 1, 2014

They get the management fees from their sub- companies, and they are planning to grow those companies at a dramatic rate. If they do, you are going to see a big, big move up over time. What is not being properly valued in the stock are the management fees and the carried interest. Wonderful business. Big, big backlog of projects.

They get the management fees from their sub- companies, and they are planning to grow those companies at a dramatic rate. If they do, you are going to see a big, big move up over time. What is not being properly valued in the stock are the management fees and the carried interest. Wonderful business. Big, big backlog of projects.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$49.800
Owned
Yes
TOP PICK
TOP PICK
January 30, 2012
5.29% bond maturing April 25/17. This is an undervalued credit so bond yield is more that the underlying government of Canada bond yield.
5.29% bond maturing April 25/17. This is an undervalued credit so bond yield is more that the underlying government of Canada bond yield.
Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$30.200
Owned
Yes
BUY
BUY
May 20, 2011
Interesting conglomerate with property, hydro, utilities and forestry and yet sells at a big discount to its NAV.
Interesting conglomerate with property, hydro, utilities and forestry and yet sells at a big discount to its NAV.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$33.100
Owned
No
BUY
BUY
March 24, 2011
Really likes it. They did a very good job of buying assets at the right time. Have been able to monetize assets over a period of time and sell them off. Over a period of time you see it move sideways for a while and then it jumps.
Really likes it. They did a very good job of buying assets at the right time. Have been able to monetize assets over a period of time and sell them off. Over a period of time you see it move sideways for a while and then it jumps.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$31.500
Owned
Yes
STRONG BUY
STRONG BUY
January 25, 2011
A great business – a play on the interest on investing in assets, largely hard assets. A very diverse portfolio of high-end assets. There is lots of institutional money interested in investing in these assets. Power generation business is interesting. Commercial properties are great assets. A big position for him.
A great business – a play on the interest on investing in assets, largely hard assets. A very diverse portfolio of high-end assets. There is lots of institutional money interested in investing in these assets. Power generation business is interesting. Commercial properties are great assets. A big position for him.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$33.020
Owned
Yes
BUY
BUY
August 12, 2009
2 parts, Brookfield Properties and 60% Brookfield Renewable Properties consisting of renewable power, hydro in NE US and Ontario. Very projectable cash flows and reasonable CapX expenditures. Their properties have about 95% occupancy with about a 4% lease roll over.
2 parts, Brookfield Properties and 60% Brookfield Renewable Properties consisting of renewable power, hydro in NE US and Ontario. Very projectable cash flows and reasonable CapX expenditures. Their properties have about 95% occupancy with about a 4% lease roll over.
Dean Smith
VP & Associate Portfolio Manager, Gluskin Sheff and Associates
Price
$20.290
Owned
Yes
BUY
BUY
August 4, 2009
Bonds maturing 2017. Price of these bonds has gone from 100 cents on the dollar to about $.87. If an experienced investor with a long time horizon, these could be looked at. Company has a lot of high-quality assets so can raise a lot of money by selling some of these. Assets throw off pretty stable cash flows for the long-term.
Bonds maturing 2017. Price of these bonds has gone from 100 cents on the dollar to about $.87. If an experienced investor with a long time horizon, these could be looked at. Company has a lot of high-quality assets so can raise a lot of money by selling some of these. Assets throw off pretty stable cash flows for the long-term.
David Schaffner
President & CEO, Leith Wheeler
Price
$20.640
Owned
No
BUY
BUY
June 8, 2009
Preferred shares. (He owns the common.) Great company and well capitalized. Diversified into power generation, asset management and real estate. Now that we are rallying, preferreds have somewhat lagged so it is not a bad time to buy these. When the economy turns around these underlying securities will do better.
Preferred shares. (He owns the common.) Great company and well capitalized. Diversified into power generation, asset management and real estate. Now that we are rallying, preferreds have somewhat lagged so it is not a bad time to buy these. When the economy turns around these underlying securities will do better.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$17.910
Owned
Yes
BUY
BUY
September 16, 2008
The recent weakness is a buying opportunity. Wonderfully managed. Well financed. Selling at a substantial discount from ascertainable net asset value.
The recent weakness is a buying opportunity. Wonderfully managed. Well financed. Selling at a substantial discount from ascertainable net asset value.
Marty Whitman
Founder, Co-CIO, Third Avenue Management
Price
$26.880
Owned
Yes
WAIT
WAIT
August 27, 2007
Has come off under quite a bit of pressure recently. Something like a leveraged buyout company. Very disciplined in their investments. Have some good infrastructure plays. In the short term, it could be under more pressure.
Has come off under quite a bit of pressure recently. Something like a leveraged buyout company. Very disciplined in their investments. Have some good infrastructure plays. In the short term, it could be under more pressure.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$35.200
Owned
Unknown
DON'T BUY
DON'T BUY
July 27, 2007
His model price has been under the stock price for quite some time. Current model price is $22, a 41% negative differential. Also it does not qualify for his portfolio because of the weakness of its balance sheet.
His model price has been under the stock price for quite some time. Current model price is $22, a 41% negative differential. Also it does not qualify for his portfolio because of the weakness of its balance sheet.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$35.690
Owned
No
DON'T BUY
DON'T BUY
June 7, 2007
Moving out of forestry and into infrastructure. He isn't going into it because it's a Canadian stock, in that pension plans only have a few things they can go into, and this stock is getting bumps because the market is small. Not a particularly compelling values at this point. However management is very strong, and he wouldn't advise not to buy, but he says that he has recommendations that are better.
Moving out of forestry and into infrastructure. He isn't going into it because it's a Canadian stock, in that pension plans only have a few things they can go into, and this stock is getting bumps because the market is small. Not a particularly compelling values at this point. However management is very strong, and he wouldn't advise not to buy, but he says that he has recommendations that are better.
Charles Lannon
Director of Research, Toron Investment Management
Price
$38.470
Owned
No
SELL
SELL
June 7, 2007
Is very expensive right now. -37% differential.
Is very expensive right now. -37% differential.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$38.470
Owned
No
HOLD
HOLD
May 5, 2007
Has just reached it's all time high. Considered to be a financial service stock. Period of season strength until the end of May. Strong Hold.
Has just reached it's all time high. Considered to be a financial service stock. Period of season strength until the end of May. Strong Hold.
Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$62.330
Owned
Unknown
BUY
BUY
August 23, 2006
Really interesting company because it is really a cash-flow generating machine. Large investors are moving money towards assets that are generating a lot of cash. Will likely continue to be favourable.
Really interesting company because it is really a cash-flow generating machine. Large investors are moving money towards assets that are generating a lot of cash. Will likely continue to be favourable.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$44.620
Owned
Yes
HOLD
HOLD
August 17, 2006
Exceptionally well run. The hydroelectric side of the business is well positioned for many years to come. A lot of free cash flow. If it dropped 5/10% or grew into its valuation he would consider adding to it.
Exceptionally well run. The hydroelectric side of the business is well positioned for many years to come. A lot of free cash flow. If it dropped 5/10% or grew into its valuation he would consider adding to it.
Jonathen Wellum, B. Comm, B. Sc
Chief Executive Officer, AIC Limited
Price
$43.010
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
March 23, 2006
Has disposed of a lot of resource assets and concentrated a lot more in real estate. Current management does a tremendous job. Would look to buy on any 10/15% pullback.
Has disposed of a lot of resource assets and concentrated a lot more in real estate. Current management does a tremendous job. Would look to buy on any 10/15% pullback.
Michael Sprung
President, Sprung Investment Management
Price
$54.000
Owned
No
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