Brookfield Property Partners L.P. BPY

seekingalpha article on take-over

[SargeX]

As I've mentioned, I don;t usually put much (any??) weight in any articles from Motley Fool but do in the odd one from SeekingAlpha. The main guy I like is Trapping Value and he just posted this article on the take-over.

Very interesting stuff. He is really negative on BPY with their large debt and "deeply distressed" retail. He also thinks Brookfields BPY NAV estimate of $26.80U is way too high but does think BAM will increase the offer.

Here;s his bottom line:

We believe that BPY shareholders are getting a fantastic deal and they should accept the final (probably enhanced) offer. We consider BAM shares fairly valued but either the cash or the BAM shares would be a good exchange for BPY.

He then goes on to say that the best way to play this is through BPO.PR.N wven though it's already really appreciated.

I know others on this board have mentioned the preferreds so I may consider that option instead of adding to BIP.UN. 

Ciao
  Sarge 

https://seekingalpha.com/article/4397471-how-to-play-brookfield-consolidation

[NPCexe]

agreed, NAV may be a bit high given the circumstance, but that doesn't mean BAM isn't getting this for an unbelievably tiny fraction of what it's worth in 5 years. Stick with it for now! Let's see offer number two

[dileas48s]

SargeX, if you could check your inbox - I'd appreciate it.

[SargeX]

You bet. Reply PM sent. Tajke her easy   Sarge

[NPCexe]

I was thinking about buying more at these prices, it is likely we will get a couple more bucks outa BAM. What do you guys think?

[BearBullBrian]

If you were contemplating buying BAM, this would be an interesting way in. BBB

[rad10]

A very expensive way in to BAM Brian.  0.4 of a BAM.A share is $19.72 C i hold both - over exposed to BAM.  Waiting for an update.