And Anotherhttps://www.bnnbloomberg.ca/video/chris-blumas-discusses-brookfield-asset-management~2218069
COMMENT
Brookfield Asset Management (A)
(BAM.A-T)
June 8, 2021
Today, they announced they will spin off part of their reinsurance business. BAM is a great compounder; you can buy and hold for a long time, because they can compound at a strong rate. Brookfield is a big company with many platforms like renewable energy and real estate, and they always look to optimize valuations. About 15 years ago, Brookfield tried to get into reinsurance, like Berkshire Hathaway. BAM did a similar spin-off a year ago. Their spin-offs perform very well; the market indiscriminately dump shares after them though, so watch this spin-off and wait. This will do very well in time.
MANAGEMENT/DIVERSIFIED
Chris Blumas
Price
$60.610
Owned
Yes