Post by
GolferWannabe on Jun 18, 2020 12:30pm
End of June
I'm curious to see how the last few days of June will be like for the price of the stock, because of this:
"Brookfield will enter into an automatic purchase plan on or about the week of June 22, 2020 in relation to the normal course issuer bid. The automatic purchase plan will allow for the purchase of Class A Shares, subject to certain trading parameters, at times when Brookfield ordinarily would not be active in the market due to its own internal trading black-out period, insider trading rules or otherwise. Outside of these periods, Class A Shares will be repurchased in accordance with management’s discretion and in compliance with applicable law."
The stock underwent a 3 for 2 stock split (which is not that big of a split, and I'm inclined to think that every bit of improvement in economic sentiment, or small acquisition of stocks in good companies at cheap valuation whenever stocks of said companies get punished by negative sentiments, means our Brookfield will benefit).
In other words, positive economic news, BAM wins, negative economic news, BAM doesn't lose!
G.T.A.