Last stock in the clip; it's the only one of his top or past picks that he and his family also own personally. GLTA
https://www.bnnbloomberg.ca/video/david-baskin-s-top-picks~2580716
Brookfield Asset Management (BAM.A TSX)
Shares of alternative managers including Brookfield have sold off due to rising interest rates and recessionary fears, but Brookfield’s focus on resilient infrastructure assets and high-yield capabilities at Oaktree should allow for strong investment performance through a recession. Brookfield continues to execute well on fundraising and has $125 billion in deployable capital to capitalize on weak markets. A potential catalyst for the stock is the upcoming listing by way of a stock spin-off of a 25 per cent stake in the asset management business on Dec. 12, which we expect to achieve a premium valuation given its 90 per cent dividend policy and long-term capital base.
TOP PICK
Brookfield Asset Management (A)(BAM.A-T)
07/12/2022 at 07:00pm
Best management in Canada. Likes the upcoming tax-free spinoff, which will unlock its value. BAM will be the ticker for the new asset-light manager of other people's money. Now you won't have to worry about BAM owning real estate. So much room to grow, has assets that everybody wants, like long-life infrastructure that pension funds and insurance companies have to invest in. Yield is 1.28%. (Analysts’ price target is $76.27)
Management / Diversified
David Baskin
$59.250
Owned