Analyst RecommendationSecond stock in the clip; he owns in personally as well as in his fund. GLTA
https://www.bnnbloomberg.ca/video/david-driscoll-s-past-picks~2021608
Brookfield Asset Management (BAM/A TSX) 3-for-2 stock split April 2020
Then: $64.80
Now: $44.98
Return: 4%
Total Return: 5%
PAST TOP PICK
Brookfield Asset Management (A) (BAM.A-T)
August 25, 2020
(A Top Pick Aug 02/19, Up 5%) It's a favoured holding because Brookfield has its hands in many business. It's his way to invest in alternative strategies, namely private equity without paying the extra costs. BAM is getting hit on the property REIT side, but doing well in renewables and infrastructure. Also, they derive dividends from subsidiaries and they charge fees for all the hedge funds they run. Their Oak Tree purchase was another notch in its belt, because Oak Tree buys distressed debt at very low prices, as they did during the March plunge. They keep increasing their dividend by 10% annually (while globally dividend payouts have dropped 23%), which indicates strong free cash flow. BAM is probably sniffing around for more bargain buys.
David Driscoll
Price
$45.100
Owned
Yes