Second stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/alexander-macdonald-s-top-picks~2745203
Brookfield Corp. (BN TSX)
Last purchased on Aug. 1, 2023, at $45.66.
Office real estate holdings have been an overhang, but the premium office market where BN largely participates has held in comparatively better. On the flip side, the weakness in real estate has created some attractive buying opportunities for the likes of BN, which has significant liquidity available to deploy. The company has an excellent track record for investing across a wide variety of asset classes, and today’s valuation represents a significant discount to the value of those assets.
TOP PICK
Brookfield Corp(BN-T)
14/08/2023
It is a good long term investor holding shares of other Brookfield companies as well as having an insurance arm. The stock price is reflecting concerns over real estate exposure. However the market is giving it zero value for this and its commercial holdings are at the premium end which are not as affected as the lower end holdings. There have been a couple of defaults but this is not a concern. Brookfield has provided good returns over time.
Buy 9 Hold 2 Sell 1
(Analysts’ price target is $60.07)
Investment Companies / Funds
Alexander MacDonald
$46.210
Owned