Brookfield Business Partners LP

BBU.UN-T

It is an amazing company. He cycled out of BAM.A-T to focus on BBU.UN-T. He was blown away in September about how they have built out their infrastructure.

(A top pick May 11/18, up 8%). Still likes this. This is the private equity group spun out of the Brookfield group. They have a great track record. It continues to be a core holding.

It is hard for the private investor to get exposure to private equity. This one is like private equity. They can create value by liquidating investments. They have items in their portfolio that are quite undervalued. (Analysts’ target: $65.21).

(A Top Pick March 1/18, Up 22 %) Really like, still a great buy. Very diversified, great access to capital, great investment professionals. Plan to hold it for a long time.

(A Top Pick March 1/18 Up 17%). He continues to think the investment partners are stellar and are showing the ability to create value.

He loves Brookfield, but he always buys the parent stock, BAM, which does it all. This is for long-term investors.

(A Top Pick March 1/18 - Up 10.1%.) Part of their private equity exposure. Management team is really strong. They do very unique things all over the world. You can consider this a long-term holding. Well funded. Well capitalized.

This was spun out of Brookfield Asset Management. Its numbers are a bit opaque. They are the private equity arm of Brookfield Asset Management. They’ve done a good job of acquiring new unique businesses. He thinks this is one of the smartest private equity teams in Canada and they are doing deals around the world. Earnings are lumpy for now but it is an incredible business. (Analysts’ price target is 52.72$)

He likes this. A private equity way to play the market. It was spun out from Brookfield. Very smart management team that looks at numbers of deals every day, backed by the balance sheet of Brookfield. There are very few deals they can’t get into. In the last quarter they announced on 3 different acquisitions, one in Brazil, one in India and one in Europe. At the same time they acted like a true private equity player by disposing of an asset that they made 200%-300% on.

You probably shown own anything with a Brookfield name. The team at Brookfield are such shrewd operators. This one is an interesting collection of assets. Construction, private equity, etc. Very hard to analyse. There is an incentive play on this stock. If the stock stays above $25 a share, the Brookfield asset management team collects a higher incentive fee, so he thinks this is incentivized properly to get the stock price higher.