Although the analyst says ETF, BAM.A is an asset management firm. The companies are all kind of the same. Anyone who is in the ETFs should look out. He suggests avoiding the name. The balance sheets are bank-like so they need to earn huge earnings to match their balance sheet and they don’t. They are pro-cyclical. As prices start to fall then the pro-cyclicality will start to reverse itself. These stocks are not a good place to be.
Although the analyst says ETF, BAM.A is an asset management firm. The companies are all kind of the same. Anyone who is in the ETFs should look out. He suggests avoiding the name. The balance sheets are bank-like so they need to earn huge earnings to match their balance sheet and they don’t. They are pro-cyclical. As prices start to fall then the pro-cyclicality will start to reverse itself. These stocks are not a good place to be.
It does not have downstream operations, but is trading at the same valuation as SU-T. He would give it a pass. There was a sell signal three weeks ago. Wait for a positive transit.
It does not have downstream operations, but is trading at the same valuation as SU-T. He would give it a pass. There was a sell signal three weeks ago. Wait for a positive transit.