TSX:BPO.PR.A - Post by User
Comment by
Carenaon Mar 26, 2024 11:21pm
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Post# 35954559
RE:RE:RE:RE:RE:RE:BN controls 100% of BPY. BPY made the Guarantee, not
RE:RE:RE:RE:RE:RE:BN controls 100% of BPY. BPY made the Guarantee, notHi again,
The insurance transfers are a perfect example.
You said, "I feel like a privatization or a recap have to be bubbling up on the list of alternatives. Am I thinking about this right?"
Truth is, it is up to the complete discretion of you guessed it, Bruce Flatt. This is the risk of holding these securities. If one does not trust Flatt, then one needs to get out. Simple as that. The junk rating spoke volumes. The NCIB makes me feel a little better.
I suppose the independent directors could revolt....technically, they are in control as they have 3 of 5 votes. Maybe they are being disruptive. As I said in an earlier post, Brookfield 2024 is weaker than Brookfield 2016.
Hopefully I answered your question,
Carena