TSX:BAM - Post Discussion
Post by
retiredcf on Jun 15, 2022 6:45am
Analyst Recommendation
Second stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/christine-poole-discusses-crescent-point-energy-corp~2464472
BUY on WEAKNESS
Brookfield Asset Management (A)(BAM.A-T)
13/06/2022 at 08:00pm
A core holding in the alternative asset management. Shares are down because the market is, but would buy now. Alternative assets enjoy secular growth, because sovereign wealth funds and pension funds are buying these, because bond rates have been low for a long time. So, a headwind could be rising interest rates. That said, the US 10-year rate is low historically even though it's been rising. Cash flows are protected from inflation, because they are hard assets in infrastructure and renewables. BAM has been successful in fundraising, so have a lot of capital. Volatile markets like now open an opportunity for BAM to buy cheap assets and sell mature ones at higher prices.
MANAGEMENT / DIVERSIFIED
Christine Poole
$58.360
Owned
Be the first to comment on this post