Top PickSecond stock in the clip. He also owns it personally. GLTA
https://www.bnnbloomberg.ca/video/david-baskin-s-top-picks~2003443
Brookfield Asset Management (BAM/A TSX)
Despite issues in the mall sector, we believe Brookfield Asset Management will be a winner out of COVID as record-low interest rates will continue to drive investor allocations into alternative assets including infrastructure, private equity and distressed debt. Going into the crisis, Brookfield had just completed a round of fundraising and had plenty of liquidity to make investments, especially in distressed debt through Oaktree.
TOP PICK
Brookfield Asset Management (A) (BAM.A-T)
July 28, 2020
A favourite of institutional investors. It's the best-managed large company in Canada, excellent at gathering large infrastructure assets like airports, railways and highways which have a long life and produce reliable returns. With bonds paying 0.5%, pension funds are attracted to assets that BAM buys and manages well. BAM is very well-placed, though it's taken a temporary hit. It pays only a 1.4% dividend, but contains a strong basket of assets that altogether are worth 50% more than the share price. A must-hold for all Canadian investors. (Analysts’ price target is $55.64)
David Baskin
Price
$45.060
Owned
Yes