Author Topic: BAM - Brookfield Asset Management  (Read 244269 times)

John Hjorth

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Re: BAM - Brookfield Asset Management
« Reply #730 on: October 05, 2018, 08:23:08 PM »
Ok, understood. BPY trades below book value. That makes sense.

Actually, I was just trying to be straight here, from an accounting perspective.

- Some days, I speculate if BAM is actually trading at a "bloat discount" [ : -) ]
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai


Spekulatius

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Re: BAM - Brookfield Asset Management
« Reply #731 on: October 06, 2018, 06:17:19 AM »
I don’t want to go off tangent, but if you like infrastructure, you can buy some of these assets fairly cheaply currently, without the additional layer of financial engineering (not meant in a negative sense) that BAM adds in.
I own ENB (one of my largest positions ), NGG, PPL (the latter two are US/ British utilities) WMB and KMI in this space. except, WMB, they are all buys, IMO. The first 3 all yield above 6%. You get paid well to wait.
To be a realist, one has to believe in miracles.

ValueMaven

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Re: BAM - Brookfield Asset Management
« Reply #732 on: October 07, 2018, 06:36:01 AM »
I really like getting my dividends from BAM (which I reinvest back into BAM).

“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.”
–John D. Rockefeller

OnTheShouldersOfGiants

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Re: BAM - Brookfield Asset Management
« Reply #733 on: October 09, 2018, 09:51:16 AM »
Can someone explain the large disposition on the 27th?

https://www.canadianinsider.com/node/7?menu_tickersearch=bpy

John Hjorth

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Re: BAM - Brookfield Asset Management
« Reply #734 on: October 09, 2018, 11:37:47 AM »
There is a SC 13D/A of September 19th 21st 2018 filed by PBY at SEC that ties up nicely on daily basis with the reported figures already linked to here. Perhaps the next one will shed some light on this particular transaction.

- - - o 0 o - - -

Edit: Fixed date.
« Last Edit: October 09, 2018, 11:40:32 AM by John Hjorth »
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

ValueMaven

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Re: BAM - Brookfield Asset Management
« Reply #735 on: October 14, 2018, 05:01:59 AM »
Anything below $41 - $42 currently is a steal here.  I bought more last week

chrispy

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Re: BAM - Brookfield Asset Management
« Reply #736 on: October 14, 2018, 09:14:27 AM »
Agree and I did as well.

Uccmal

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Re: BAM - Brookfield Asset Management
« Reply #737 on: October 15, 2018, 05:23:22 AM »
Agree and I did as well.

I would but my combined Bam, bip, bpy, and bep holdings make up 25% of my total portfolio.  Unless it gets real cheap I am fully loaded. 

So lets hope Bruce doesn't have any dangerous or illegal hobbies. :-). 
GARP tending toward value

chrispy

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Re: BAM - Brookfield Asset Management
« Reply #738 on: October 20, 2018, 09:55:17 AM »
BBU is valued at 5.2B and should be approaching 1B in EBITDA over the next year or so. Their income stream has become much more diversified, businesses are profitable and big players in their respective industries, they have continuous deal flow, and BBU participates in many deals that are significantly greater than a company their size can usually participate in

Spekulatius

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Re: BAM - Brookfield Asset Management
« Reply #739 on: October 20, 2018, 04:41:39 PM »
BBU is valued at 5.2B and should be approaching 1B in EBITDA over the next year or so. Their income stream has become much more diversified, businesses are profitable and big players in their respective industries, they have continuous deal flow, and BBU participates in many deals that are significantly greater than a company their size can usually participate in

Their enterprise value is $12.5B roughly so with  $1B EBITDA, they seem fairly valued. New deals will require new equity and debt, so it all depends on how they buy and how they manage the assets. increasing size alone is good for BAM, but not necessarily for BBU limited patterns.
To be a realist, one has to believe in miracles.