Brookfield Asset Management is the parent company of the Brookfield empire. It’s been one of the best investment stories in Canada in recent years with the stock price up 600% in the last 10 years (and 27% over the last 12 months).
Brookfield has listed subsidiaries in real estate ($BPY), renewable power ($BEP), infrastructure ($BIP) and private equity ($BBU). Led by Bruce Flatt, management has an excellent track record of creating shareholder value. Specifically cash flow to the parent company has grown in two ways – higher cash flow from its share of the underlying operating assets, and increased fee revenue as AUM has grown. Assets under management now sit at over $500B with $200B+ of that in fee bearing capital.
Given the strong share price performance, this video looks at whether BAM shares are fully valued at C$70 per share or still represent an attractive investment opportunity.
#investing #stocks #dividends $BAM
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