TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Aug 20, 2024 12:45pm
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Post# 36188150
RE:Bill Ackman
RE:Bill Ackman The Bottom Line
The big picture takeaway on Bill Ackman’s Brookfield investment is that it indicates that the company has long term potential. Ackman is a long term, buy and hold investor with a low portfolio turnover rate and a 5-6 year average holding period.
When he buys, he usually buys for the long term. With most of the easy gains from Brookfield’s NAV discount having been made, an investment in the stock requires a justified belief in the company’s long term prospects. Brookfield’s growth, reputation and profitability metrics provide grounds for that belief.
Ackman’s buy further lends credibility to the long thesis in BN stock.