Brookfield Asset Management (A)

BAM.A-T

TSE:BAM.A

43.25
0.07 (0.16%)
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.A-T

Signal
Opinion
Expert
BUY
BUY
May 13, 2020
Long term hold? They own this one. At current prices levels in the mid-$40s it is a good buy. They have a long term view and their CEO has had a recessionary view of the economy for the past several quarters. She thinks they will use a market down turn as an opportunity. When they reported last week, they mentioned a 2018 mall acquisition with the intention to re-purpose it to multi-purpose use. In a world of low or negative interest rates, holding hard assets is the way to go. She would be a buyer here.
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Long term hold? They own this one. At current prices levels in the mid-$40s it is a good buy. They have a long term view and their CEO has had a recessionary view of the economy for the past several quarters. She thinks they will use a market down turn as an opportunity. When they reported last week, they mentioned a 2018 mall acquisition with the intention to re-purpose it to multi-purpose use. In a world of low or negative interest rates, holding hard assets is the way to go. She would be a buyer here.
TOP PICK
TOP PICK
May 1, 2020
One of the world's foremost managers of assets from infrastructure to renewables. IT has a worldwide footprint. It is big and getting bigger. They have deep expertise. It benefits from a shift towards reallocation by pensions towards hard assets. They are buying back shares as well allowing them to grow on a higher compounding rate going forward. Yield 1.39% (Analysts’ price target is $56.37)
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One of the world's foremost managers of assets from infrastructure to renewables. IT has a worldwide footprint. It is big and getting bigger. They have deep expertise. It benefits from a shift towards reallocation by pensions towards hard assets. They are buying back shares as well allowing them to grow on a higher compounding rate going forward. Yield 1.39% (Analysts’ price target is $56.37)
HOLD
HOLD
April 30, 2020
The preeminent asset manager globally. They have quite a bit of capital to put to work. He thinks highly of management. There will be a lot of volatility along the way. There are negative headlines that do get caught up but he would continue to hold it.
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The preeminent asset manager globally. They have quite a bit of capital to put to work. He thinks highly of management. There will be a lot of volatility along the way. There are negative headlines that do get caught up but he would continue to hold it.
TOP PICK
TOP PICK
April 29, 2020
He has owned this for a long time. It is the private equity investor in real assets and acts as the parent for the entire Brookfield family. Although a lower yield than their other public entities, they have access to their asset management business that is growing quickly. They have lots of excess capital and dry powder to take advantage of market opportunities. Yield 1.36% (Analysts’ price target is $56.37)
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He has owned this for a long time. It is the private equity investor in real assets and acts as the parent for the entire Brookfield family. Although a lower yield than their other public entities, they have access to their asset management business that is growing quickly. They have lots of excess capital and dry powder to take advantage of market opportunities. Yield 1.36% (Analysts’ price target is $56.37)
DON'T BUY
DON'T BUY
April 21, 2020

They have a lot of leverage in US commercial real estate, and also in worrying places like Latin America. There are a lot of risks to the Brookfield group of companies in a time when companies with heavy leverage will suffer. Look elsewhere.

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They have a lot of leverage in US commercial real estate, and also in worrying places like Latin America. There are a lot of risks to the Brookfield group of companies in a time when companies with heavy leverage will suffer. Look elsewhere.

HOLD
HOLD
April 16, 2020
Everything with Brookfield always comes to the top. Fundamentally they are an asset management company. When assets go down, their fees go down, but there is a delay. This might have caused short interest to go up. He thinks they will grow assets well in this environment as they look for distressed assets. It's a high quality company and they are seasoned operators.
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Everything with Brookfield always comes to the top. Fundamentally they are an asset management company. When assets go down, their fees go down, but there is a delay. This might have caused short interest to go up. He thinks they will grow assets well in this environment as they look for distressed assets. It's a high quality company and they are seasoned operators.
BUY WEAKNESS
BUY WEAKNESS
April 15, 2020
This holding will probably benefit from lower interest rates and the likely need for asset management going forward. About 85% of their holdings are other Brookfield companies that will do well. He thinks it is good to buy on weakness.
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This holding will probably benefit from lower interest rates and the likely need for asset management going forward. About 85% of their holdings are other Brookfield companies that will do well. He thinks it is good to buy on weakness.
BUY
BUY
April 14, 2020
Great company, super managers. He's studying it right now. You can buy it. This performs well over all kinds of market cycles.
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Great company, super managers. He's studying it right now. You can buy it. This performs well over all kinds of market cycles.
WATCH
WATCH
April 6, 2020
Coming into his crisis things were as good as they could have been. The dividend is sustainable because it is low. They have a large real estate portfolio and it will be challenged coming out of all this. A lot of tenants are compromised in terms of their ability to pay. Be careful about big real estate portfolios. There is a lot of liquidity in the system and they are looking for a credible entity to put their money to work for them. BAMA.A-T might gather capital in this environment. It should be on your shopping list.
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Coming into his crisis things were as good as they could have been. The dividend is sustainable because it is low. They have a large real estate portfolio and it will be challenged coming out of all this. A lot of tenants are compromised in terms of their ability to pay. Be careful about big real estate portfolios. There is a lot of liquidity in the system and they are looking for a credible entity to put their money to work for them. BAMA.A-T might gather capital in this environment. It should be on your shopping list.
PAST TOP PICK
PAST TOP PICK
March 23, 2020
(A Top Pick Mar 26/19, Down 22%) Absolutely consider buying it now. Read the letter to shareholders on their web site. This is one CEO worthy of your attention. Everybody should own this company.
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(A Top Pick Mar 26/19, Down 22%) Absolutely consider buying it now. Read the letter to shareholders on their web site. This is one CEO worthy of your attention. Everybody should own this company.
TOP PICK
TOP PICK
March 23, 2020
It has a tremendous range of assets – infrastructure, toll roads, ports, airports, railways and all kinds of real estate. It also has a lot of partnerships. It has $65 Billion to buy things now at bargain basement prices. This is the time when value investors shine.
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It has a tremendous range of assets – infrastructure, toll roads, ports, airports, railways and all kinds of real estate. It also has a lot of partnerships. It has $65 Billion to buy things now at bargain basement prices. This is the time when value investors shine.
PARTIAL BUY
PARTIAL BUY
March 17, 2020

At what point does the private equity markets get hit? We're starting to see people sell even gold and treasuries to meet margin calls. It isn't far that real assets will be sold--a spiral he doesn't want to see. But BAM is well-managed. Nibble away at these level, but don't go in whole hog.

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At what point does the private equity markets get hit? We're starting to see people sell even gold and treasuries to meet margin calls. It isn't far that real assets will be sold--a spiral he doesn't want to see. But BAM is well-managed. Nibble away at these level, but don't go in whole hog.

COMMENT
COMMENT
March 16, 2020
It's held up very well in this sell-off. It could see a nice rebound. His target is $64.50 and buy there. But it it fails there, then $53 is the next support. Its FMV is $74.68, actually, so the stock isn't cheap at current levels. Also, it pays only a 1.5% dividend.
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It's held up very well in this sell-off. It could see a nice rebound. His target is $64.50 and buy there. But it it fails there, then $53 is the next support. Its FMV is $74.68, actually, so the stock isn't cheap at current levels. Also, it pays only a 1.5% dividend.
BUY
BUY
March 10, 2020
It's a winner. The pullback now is a good entry point. It's one of the world's best and biggest owners/operators/buyers of "alternative assets" (private equity, infrastructure, renewables, real estate). They operate all around the world, in every continent. Their size means they can write huge cheques without involving partners. The best thing in markets they operate in they're not obtained by auctions, but negotiated deals. They synergize well. They grow capital without committing their own earnings, more and more, as institutional demand for these assets continues to grow.
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It's a winner. The pullback now is a good entry point. It's one of the world's best and biggest owners/operators/buyers of "alternative assets" (private equity, infrastructure, renewables, real estate). They operate all around the world, in every continent. Their size means they can write huge cheques without involving partners. The best thing in markets they operate in they're not obtained by auctions, but negotiated deals. They synergize well. They grow capital without committing their own earnings, more and more, as institutional demand for these assets continues to grow.
PARTIAL SELL
PARTIAL SELL
March 4, 2020
It's done enormously well over 10-15 years. Long-time holders should take some profits. Brookfield turns its subsidiaries into Canadian corporations, not US limited partnerships, which helps your tax treatment.
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It's done enormously well over 10-15 years. Long-time holders should take some profits. Brookfield turns its subsidiaries into Canadian corporations, not US limited partnerships, which helps your tax treatment.
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