Brookfield Asset Management (A)

BAM.A-T

TSE:BAM.A

89.89
0.37 (0.41%)
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
COMMENT
COMMENT
December 2, 2008
Preferreds. Some are north of 10%. Strong, well-managed company. Huge landlord and people, in New York in particular, are going bankrupt and losing their jobs. Preferreds all over the board are trading at monstrous yields. Look at the company’s report (on the Internet) to see the date they can redeem shares.
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Preferreds. Some are north of 10%. Strong, well-managed company. Huge landlord and people, in New York in particular, are going bankrupt and losing their jobs. Preferreds all over the board are trading at monstrous yields. Look at the company’s report (on the Internet) to see the date they can redeem shares.
PAST TOP PICK
PAST TOP PICK
October 23, 2008
(A Top Pick May 30/08. Down 37 %.) Has performed pretty much in line with the market. Has been hit because of their exposure to real estate, especially high-end office real estate in New York. A lot of diversification. Well-managed. Likely to have a year or 2 of relative weakness. Good Buy.
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(A Top Pick May 30/08. Down 37 %.) Has performed pretty much in line with the market. Has been hit because of their exposure to real estate, especially high-end office real estate in New York. A lot of diversification. Well-managed. Likely to have a year or 2 of relative weakness. Good Buy.
PAST TOP PICK
PAST TOP PICK
September 23, 2008
(A Top Pick Nov 12/07. Down 13%.) Sold his holdings, but still likes the company. Starting to buy some assets at bargain rates. Expects considerable upside at some point. Hold.
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(A Top Pick Nov 12/07. Down 13%.) Sold his holdings, but still likes the company. Starting to buy some assets at bargain rates. Expects considerable upside at some point. Hold.
PAST TOP PICK
PAST TOP PICK
September 2, 2008
(A Top Pick Aug 23/07. Up 4.3 %.) Sold off sharply, partly because of real estate and partly because of the credit crisis. They have an excellent set of assets and top-notch managers. History of increased dividends. Excellent entry price.
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(A Top Pick Aug 23/07. Up 4.3 %.) Sold off sharply, partly because of real estate and partly because of the credit crisis. They have an excellent set of assets and top-notch managers. History of increased dividends. Excellent entry price.
COMMENT
COMMENT
August 8, 2008
Transformed themselves into more of an asset management. They take base assets with stable cash flow. Find partners and collect a fee while putting in some of their own money. Great long-term story. More fully valued near-term. It may be under a bit of a cloud for a while.
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Transformed themselves into more of an asset management. They take base assets with stable cash flow. Find partners and collect a fee while putting in some of their own money. Great long-term story. More fully valued near-term. It may be under a bit of a cloud for a while.
COMMENT
COMMENT
July 17, 2008
Still has to get out from under its office problems. It will be some time before that real estate arm picks up.
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Still has to get out from under its office problems. It will be some time before that real estate arm picks up.
TOP PICK
TOP PICK
May 30, 2008
Very successful in building top-notch portfolio of office properties. Asset management business has tremendous growth potential. They are also one of the largest independent hydro generators in Canada. Energy, Infrastructure and cash flow play here.
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Very successful in building top-notch portfolio of office properties. Asset management business has tremendous growth potential. They are also one of the largest independent hydro generators in Canada. Energy, Infrastructure and cash flow play here.
BUY
BUY
May 21, 2008
Trading at 40X forward earnings and 3.3X price to book. Price/earnings on this type of company is not as important as others because it is a portfolio of activities. The company has done great things. A core holding you should have in your portfolio. 1.5% dividend yield.
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Trading at 40X forward earnings and 3.3X price to book. Price/earnings on this type of company is not as important as others because it is a portfolio of activities. The company has done great things. A core holding you should have in your portfolio. 1.5% dividend yield.
TOP PICK
TOP PICK
May 7, 2008
His segue into industrial/commercial real estate in general. Not a pure play of a REIT but a company that continues to do good business and were involved in a takeover during a credit crunch starting last year so the stock has come off quite a bit. Expect it will start to come back when credit starts to loosen up.
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His segue into industrial/commercial real estate in general. Not a pure play of a REIT but a company that continues to do good business and were involved in a takeover during a credit crunch starting last year so the stock has come off quite a bit. Expect it will start to come back when credit starts to loosen up.
COMMENT
COMMENT
April 23, 2008
Common stocks or preferred shares? Depends on whether you are looking for growth or income. Preferreds give you yields of about 6%. The dividend tax credit of about 40% (Ont) gives a pre-tax yield of about 8.4%. On the stock side you are taking a longer-term view of the overall management Corporation. If you think there is a turn coming, it can offer you a much greater capital appreciation.
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Common stocks or preferred shares? Depends on whether you are looking for growth or income. Preferreds give you yields of about 6%. The dividend tax credit of about 40% (Ont) gives a pre-tax yield of about 8.4%. On the stock side you are taking a longer-term view of the overall management Corporation. If you think there is a turn coming, it can offer you a much greater capital appreciation.
BUY
BUY
April 22, 2008
(Market Call Minute.) Very inexpensive stock. A lot of moving parts but very smart management.
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(Market Call Minute.) Very inexpensive stock. A lot of moving parts but very smart management.
HOLD
HOLD
April 17, 2008
Currently trading close to its NAV. A lot of the driver of the valuation is Brookfield Properties (BPO-T) so you have to have a positive view towards real estate. Fairly valued.
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Currently trading close to its NAV. A lot of the driver of the valuation is Brookfield Properties (BPO-T) so you have to have a positive view towards real estate. Fairly valued.
DON'T BUY
DON'T BUY
March 31, 2008
The company depends on being able to raise funding to buy assets. Over the last 9 months, the price people are willing to pay for assets has come down and the funding costs have increased. They are seeing a squeeze. Less attractive. Not the right stock for this type of environment.
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The company depends on being able to raise funding to buy assets. Over the last 9 months, the price people are willing to pay for assets has come down and the funding costs have increased. They are seeing a squeeze. Less attractive. Not the right stock for this type of environment.
BUY
BUY
March 18, 2008
They have vast holdings in the power and resources, but they've been marked down almost in half, because of fears in the financial areas. They have huge cash flow and he isn't concerned about them.
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They have vast holdings in the power and resources, but they've been marked down almost in half, because of fears in the financial areas. They have huge cash flow and he isn't concerned about them.
TOP PICK
TOP PICK
March 17, 2008
Preferred Ms. 4.75% coupon. Pays a dividend. Pre-tax yield is 8.4%. Call provision in December of 2011 in which they’ll pay $26. Beat GIC’s in a big way.
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Preferred Ms. 4.75% coupon. Pays a dividend. Pre-tax yield is 8.4%. Call provision in December of 2011 in which they’ll pay $26. Beat GIC’s in a big way.
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