Brookfield Asset Management (A)

BAM.A-T

TSE:BAM.A

44.25
0.44 (0.98%)
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.A-T

Signal
Opinion
Expert
HOLD
HOLD
January 25, 2008
They have a great model. They buy assets, lever them up and then find pension funds to partner in with them. They are then able to take an asset with an 8% return and turn it into 15% ROE for their shareholders. At the moment investors don't have a great deal of confidence in a company like this. You have to accept volatility when you buy this.
Show full opinionHide full opinion
They have a great model. They buy assets, lever them up and then find pension funds to partner in with them. They are then able to take an asset with an 8% return and turn it into 15% ROE for their shareholders. At the moment investors don't have a great deal of confidence in a company like this. You have to accept volatility when you buy this.
DON'T BUY
DON'T BUY
January 23, 2008
You never have a really good idea of exactly what earnings are going to be. More of an asset story. In this downturn, the balance sheet is okay, but it does have real estate debt in there. When the market recovers, the stock will do better again, but there is no rush.
Show full opinionHide full opinion
You never have a really good idea of exactly what earnings are going to be. More of an asset story. In this downturn, the balance sheet is okay, but it does have real estate debt in there. When the market recovers, the stock will do better again, but there is no rush.
COMMENT
COMMENT
January 14, 2008
It suffers from being a difficult company to categorize. With uncertainty on the US economy and the direction of the stock market, people want things that are easy to understand. You have to put your faith in management and be a long-term holder.
Show full opinionHide full opinion
It suffers from being a difficult company to categorize. With uncertainty on the US economy and the direction of the stock market, people want things that are easy to understand. You have to put your faith in management and be a long-term holder.
DON'T BUY
DON'T BUY
January 9, 2008
A bear market can be tough on good companies. He can't see any bottom on this one. This one tops even before the banks. It is in a vicious downtrend.
Show full opinionHide full opinion
A bear market can be tough on good companies. He can't see any bottom on this one. This one tops even before the banks. It is in a vicious downtrend.
PAST TOP PICK
PAST TOP PICK
January 2, 2008
(A Top Pick Mar 6/07. Down 14.7%.) Good inflation hedge. Still likes.
Show full opinionHide full opinion
(A Top Pick Mar 6/07. Down 14.7%.) Good inflation hedge. Still likes.
BUY
BUY
December 28, 2007
(Market Call Minute.) Focused in apartments and offices in Brazil. Terrific management.
Show full opinionHide full opinion
(Market Call Minute.) Focused in apartments and offices in Brazil. Terrific management.
TOP PICK
TOP PICK
November 29, 2007
A tremendous set of assets. Thinks it has a “holding company” discount. Terrific balance sheet. 1.5% dividend. Very good growth story. Very smart managers.
Show full opinionHide full opinion
A tremendous set of assets. Thinks it has a “holding company” discount. Terrific balance sheet. 1.5% dividend. Very good growth story. Very smart managers.
COMMENT
COMMENT
November 22, 2007
Doing a lot of structured deals and one-offs. Hard to know exactly what is in it so at times like this it tends to trade at a discount. Really good track record longer term. Good managers of their assets. Asset value is in the $40’s so you are getting mispriced assets. Probably doesn't do anything until the market calms down but if you have a 5-year view, it's a buy. If you have a 6-month view he would probably wait.
Show full opinionHide full opinion
Doing a lot of structured deals and one-offs. Hard to know exactly what is in it so at times like this it tends to trade at a discount. Really good track record longer term. Good managers of their assets. Asset value is in the $40’s so you are getting mispriced assets. Probably doesn't do anything until the market calms down but if you have a 5-year view, it's a buy. If you have a 6-month view he would probably wait.
PAST TOP PICK
PAST TOP PICK
November 19, 2007
(Top pick March 6, 2007, down 20.0%) They have a bunch of inflation hedges. Backs them. Price is down, buy more. May be dead money for the next 12-18 months. Your not getting paid to wait.
Show full opinionHide full opinion
(Top pick March 6, 2007, down 20.0%) They have a bunch of inflation hedges. Backs them. Price is down, buy more. May be dead money for the next 12-18 months. Your not getting paid to wait.
BUY
BUY
November 14, 2007
On his watch list. Nice technical entry point here. Own a big stake in Brookfield Properties (BPO-T), which is all US commercial real estate. You get tarred a bit with a sub prime brush, but it is more in terms of their undeveloped residential land and gets marked down. Hold prime Brazilian infrastructure assets.
Show full opinionHide full opinion
On his watch list. Nice technical entry point here. Own a big stake in Brookfield Properties (BPO-T), which is all US commercial real estate. You get tarred a bit with a sub prime brush, but it is more in terms of their undeveloped residential land and gets marked down. Hold prime Brazilian infrastructure assets.
TOP PICK
TOP PICK
November 12, 2007
Property and infrastructure. Very solid play going forward. Hard assets that do well in inflation. Likes what they are doing in power generation as well as in properties.
Show full opinionHide full opinion
Property and infrastructure. Very solid play going forward. Hard assets that do well in inflation. Likes what they are doing in power generation as well as in properties.
BUY
BUY
November 2, 2007
As an interest sensitive holding, it is going to get whipped around a fair bit. Its main legs are real estate and infrastructure in regards to power assets. Over the long term, it is an excellent company. Good strategy of offloading their assets and they remain as management.
Show full opinionHide full opinion
As an interest sensitive holding, it is going to get whipped around a fair bit. Its main legs are real estate and infrastructure in regards to power assets. Over the long term, it is an excellent company. Good strategy of offloading their assets and they remain as management.
HOLD
HOLD
October 24, 2007
This is a long term hold. The company is well managed. The entry point is high right now, $33-34 would be better.
Show full opinionHide full opinion
This is a long term hold. The company is well managed. The entry point is high right now, $33-34 would be better.
DON'T BUY
DON'T BUY
October 4, 2007
Have done a wonderful job of focusing their attention on cash generating assets. The stock started to falter in the summer and has not regained its footing.
Show full opinionHide full opinion
Have done a wonderful job of focusing their attention on cash generating assets. The stock started to falter in the summer and has not regained its footing.
SELL
SELL
September 27, 2007
A great selling opportunity. Stock has risen over a very long period, above its 200 day moving average. It has now broken below this and will now probably go back and test the 200-day moving average.
Show full opinionHide full opinion
A great selling opportunity. Stock has risen over a very long period, above its 200 day moving average. It has now broken below this and will now probably go back and test the 200-day moving average.
Showing 526 to 540 of 575 entries