One infrastructure opportunity that BAM should be looking at is Algoma Central (ALC.TO). At first glance the stock looks very good. I would do more research for myself, but there is no way that I can by the shares down here in Georgia.
Also, have any of you looked at Hyperion Brookfield Strategic Mortagage Fund (HSM)? - Residential & Commercial Mortgage Backed Securites with a yield of close to 10%.
2. March 8, 2007 � reported no exposure to sub-prime MBS. �As of January 31,2007, less than 2.0% of HTR�s $400 million total market value was allocated to sub-prime MBS. The Fund has no exposure to 2006 sub-prime mortgages, which have been largely responsible for the recent negative headlines due to unusually high delinquencies. The Fund�s sub-prime MBS holdings were originated between 1998 and 2005.�
3. As of 8/27/07, price was $10.97 and discount was 10.62%
4. As of 9/11/07 52 week high was $14.33 and 52 week low was $8.50.
Asset makeup not real high quality, yet does that matter for this fund. I think only interested in management fees.