Analyst Recommendationhttps://www.bnnbloomberg.ca/video/bill-harris-discusses-brookfield-asset-management~2101375
BUY
Brookfield Asset Management (A)
(BAM.A-T)
December 15, 2020
Concerned about their debt levels Good point. It's a global asset manager of hard assets. There's a big wave of money that needs to find a home but can't go into the bond markets given very low rates. So, a lot of money uses Brookfield to buy hard asset and collect fees on them; this trend won't stop. BAM's success will continue. Their debt is tricky--Brookfield Property Partners makes up 15% of Brookfield, but BPP troubled because of it holds shopping malls. And yet, BPP's woes don't effect the rest of the Brookfield group. They run a very tight financial ship. BAM is a core holding.
Bill Harris, CFA
Price
$52.230
Owned
Yes