Stockchase Discover BUY
Brookfield Asset Management (A)
(BAM.A-T)
July 1, 2021
Allan Tong’s Discover Picks Run by smart managers, BAM.A buys alternative assets cheaply in infrastructure, private equity, credit and green energy. A rise in interest rates will hurt BAM.A because it uses a lot of debt, but its assets should appreciate accordinly and offset those declines. BAM.A isn't for income investors, since it pays only a 1% dividend yield, and it isn't a high-flying tech giant like Shopify that you can trade quickly, but BAM.A is virtually guaranteed to keep rising through thick and thin. It's emerged from the pandemic a winner, like a racehorse that's bolted out of the gate since Canada has begun reopening. In the past 12 months, BAM.A has jumped 45%. Read Looking back after 100 weeks of Hot TSX Stocks: BAM, Rails, Garbage for our full analysis.
MANAGEMENT/DIVERSIFIED
Stockchase Discover
Price
$63.240
Owned
Yes