First stock in the clip; it's also the only one of his top picks that he and his family owns personally. GLTA
https://www.bnnbloomberg.ca/video/shows/market-call/2024/08/14/chris-blumas-top-picks-brookfield-abbott-laboratories-and-great-west-lifeco/
Brookfield (BN TSX)
Brookfield is a direct investor and third-party asset management firm with a unique focus on real assets and private equity. The company has a controlling interest in each of its publicly traded affiliates and a portfolio of other private investments. Brookfield is one of a handful of global private equity players that are uniquely positioned to raise large amounts of capital from institutional clients as they shift more of their portfolios toward private markets. While the company has four publicly listed operating subsidiaries (BAM, BBU, BEP, and BIP), the parent company has the unique ability to allocate capital across its platform and operate in a counter-cyclical manner. Currently, Brookfield has around $150 billion in group liquidity available to deploy across its platform and is uniquely positioned to benefit from weakness in the global macroeconomic environment. The shares currently trade around 12 times distributable earnings and have a core free cash flow yield of around six percent.
TOP PICK
Brookfield Corp(BN-T)
14/08/2024
Bit of a valuation discount because of real estate exposure. Built to be counter-cyclical, and this could be a challenging environment. Always capitalizing on volatility. At last count, $150B dollars of capital to allocate across its different platforms. Well positioned, global. Yield is 0.7%.
(Analysts’ price target is $68.73)
Investment Companies / Funds
Chris Blumas
$62.860
Owned