RE:Massive Opportunity for long term investor ?? BAM is run by very clever people.
The one caveat on BAM is that the insiders who control the companies are greedy fuks.
They run the company for themselves not the average shareholder.
Have you seen what they give themselves in compensation, RTU's, Options, Deferred stock. It's gross.
Any share buybacks done likely just cover what they gives themselves out in free stock.
They always say they are best in class in Governance as well but they still have 2 classes of shares which means insiders who control the multiple voting shares control the company.
so basically they do what they want.
BAM has been a brutal holding for the last while but executives still award themselves stock.
I really wish the Canadian equivalent of the U.S. SEC
COMMISSION would no allow multiple classes of shares allowed to publicly traded companies.
Globe and Mail should dona piece on this multiple voting share B.S and how insiders control everything but don't have the balls to actually buy shares in the mkt.
They primarily participate through Options.
If the stock goes up they make money, if it goes down they just lose the option to make money.
NO RISK!
The public markets are rigged IMO.
BAM is a poster child for this dua class shareholder shake down.
The CEO is a Billionaire because of stock options not because he's actually risking capital buying shares in the market.