Brookfield Office Properties Inc T.BPO.PR.A

Bill Ackman

[Carena]

Hi there,

Nice to see Bill Ackman has taken a position in BN (6.8 million shares).

I am definitely respectful of what he has done but I do also recall the days Brookfield and Ackman were at odds over I think the restructuring of General Growth Properties (GGP) out of bankruptcy after the financial crisis.

I saw this in a Seeking Alpha article and it also said Ackman bought in at around the all time highs.  I have to think this is all about owning hard assets and with the inflation we have had in recent years, replacement cost of hard assets has skyrocketed.  If I have it right, this is the moment Bruce Flatt has been waiting for.   Ultimately, this is good news for our BPO prefs.

Have a great day,
Carena

[pierrelebel]

The Bottom Line The big picture takeaway on Bill Ackman’s Brookfield investment is that it indicates that the company has long term potential. Ackman is a long term, buy and hold investor with a low portfolio turnover rate and a 5-6 year average holding period. When he buys, he usually buys for the long term. With most of the easy gains from Brookfield’s NAV discount having been made, an