Analyst Recommendation - Don't BuyDON'T BUY
Brookfield Corporation (BN-T)
14/03/2023
Sell anything with a Brookfield name. This is interest rate sensitive. It's got to have a good macro environment in order to do well and needs lots of liquidity. If you look at M2, it's negative. That's only happened like five or six times since the 1860s. The money supply is contracting. We've got interest rates going up. You can actually see liquidity being drawn out of this market. This is not a market for Brookfield. The macro is totally against Brookfield here. It closed yesterday at $39.91. We have a model price of $40.17. It pays a puny dividend. Brookfield needs to increase that dividend and give investors more of their money. I certainly wouldn't look at Brookfield here. I think commercial real estates are in big trouble.
Brian Acker
$39.91