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Brookfield Asset Management Inc. Message Board

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  • edwinclaudi000 edwinclaudi000 May 5, 2009 12:32 PM Flag

    Brookfield Asset Management Announces 2009 First Quarter Results

    In the middle of this storm, I think they have done okay. But how tough is the environment going to be, going forward?

    If the situation gets worse, and they manage to hold on to what they have, and assuming inflation down the road, what do you all think about adding to your position?
    (Long term hold, 5yrs or more)

    Some of the best opportunities are made when the times are tough, but you would not know at the time.

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    • >>> Some of the best opportunities are made when the times are tough, but you would not know at the time. <<<

      In 2002, BAM (then known as Brascan symbol BNN) was available for sale at about 60% of liquidation value, and the stock proceeded to increase 300% to today's price. Past performance is no guarantee of future results, but the stock is again available at about 60% of liquidation value.

      I find it difficult to make the case that the company should be valued at a substantial discount to liquidation value. It is currently priced as if the assets will take a 25% or more hit, with no value attributed to the fee-earning businesses. Seems very cheap to me.

 
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