Post by
argon12 on Apr 24, 2021 1:09pm
Where’s the Beef?
BAM just can't put together as string of incredible quarterly earnings.
They were caught flat footed on the pandemic and really weren't able to make an insane amount of money when the mkt dropped.
This was a once in a lifetime opportunity and they made no moving the needle investments that I can see.
CEO said the intrinsic value of company share is substantially higher but mkt is not giving them the benefit of the doubt.
If this stock is not at a $100.00 CDN year end then I'm my opinion the management is just average.
Good management buys during misery and sells in euphoria.
They were several times in Berkshire Hathaway's history Berkshire had over 50- 100% gains over the high watermark after a mkt rout.