TSX:BAM - Post Discussion
Post by
retiredcf on Sep 09, 2020 7:15am
Another Top Pick
Last stock in the clip. He owns it personally as well as in his fund. GLTA
https://www.bnnbloomberg.ca/video/bryden-teich-s-top-picks~2030558
Brookfield Asset Management (BAM/A TSX) Brookfield is a leading global asset manager focused on real assets including infrastructure, real-estate, renewable power, and private equity. Brookfield shares have been weak this year because of their exposure to certain segments of the real estate sector that have been under significant pressure. We think Brookfield shares offer good long-term value at these levels.
TOP PICK
Brookfield Asset Management (A) (BAM.A-T)
September 8, 2020
Shares were hit in April, when he stepped in. A great asset management franchise for long-term investors. Historically, whenever you bought Brookfield shares below NAV, you did well long term. If interest rates were at 5-10%, it would hammer this stock because they buy assets using debt strategically, but rates will stay anchored near zero. Investors will need to own global, diversified, alternative assets. Huge growth on their renewable side too. BAM is in the sweet spot. (Analysts’ price target is $53.95)
Bryden Teich
Price
$43.420
Owned
Yes
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