ResultsI have been reading through the results and I can see things in both a negative and positive light.
I must first say that I own a chunk of shares in Brookfield and if I
sold I would have to pay way too much capital gain tax.
On a negative note as has been mentioned net earnings missed estimates
by $0.11 per share. The forecast I saw was for $0.24. Cash
flow was $0.02 short of estimates.
Also in the release it was noted that in the 4th quarter there will be
about $400 Million in gains. The analyst forecast for the 4th
Quarter is for earnings of $0.27 per share from what I can see.
If there are no other earnings for the quarter the
earnings will be close to $0.60 a share or $0.30 above forecasts.
In the short term I can see the stock dropping more but eventually I
think it will bounce back due to a strong 4th quarter. If
anyone can see flaws in my thinking let me know.
JMHO