TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Dec 02, 2024 1:35pm
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Post# 36341101
RE:RE:RE:RE:RE:You might want to take a look at Q3 Balance Sheet !!!
RE:RE:RE:RE:RE:You might want to take a look at Q3 Balance Sheet !!! Numbers in financial reports are what they are and, if some posters/readers cannot understand them, there is not much you or I can do to help.
On the other hand, I pay attention to recent news:
"Billionaire New York investor Bill Ackman has built a $2.6-billion stake in Toronto-based Brookfield Corp. that is now the second-largest position held by his hedge fund, Pershing Square Capital Management. The fund started buying stock in Brookfield – the parent company of Brookfield Asset Management Ltd., which manages more than US$1-trillion of assets – in April this year. By the end of June, Pershing had acquired 6.8 million shares, and its stake then ballooned to 32.7 million shares – or nearly 2.2 per cent of the company – as of Sept. 30, according to public filings.
The new investment by Pershing Square is a bet on Brookfield as a major owner and operator of assets that can be considered critical infrastructure – what Brookfield chief executive officer Bruce Flatt likes to call “the backbone of the global economy,” which includes data centres that power artificial intelligence, renewable energy sources and the global shipping industry that underpins supply chains."
Now, Bill Ackman understands numbers and has a team of accountants to help him understand them. If he thinks Brookfield is worth investing billions in, I feel my smaller investment is safe (with or without guarantee)