I like Brookfield in all its various forms. A fine corporation. Well run. Investor friendly. I owned some shares of Brookfield Asset Management (BAM) and then the announcement: Brookfield was splitting the asset management side of the business off. If that sounds puzzling, it was.
Brookfield Asset Management, the company, is now Brookfield Corp. (BN). Brookfield Asset Management (BAM) is now a pure-play alternative asset manager. TD WebBroker describes BAM this way: BAM is a leading global alternative asset manager that is well-positioned in higher-demand areas: real assets (which offer significant inflation protection), transition investing, and private credit.
In its new form, BAM is said to offer strong growth potential and is selling at a reasonable valuation. TD Securities has put BAM on their Action Buy List with the potential to deliver a gain of almost 50%.
The slimmed down Brookfield Corp. is now on the Action Buy List as well. The 12-month total return may possibly hit an incredible 88.1%.
I'm holding onto to my Brookfield investments and watching how they perform with great interest. If we have a bit of downturn, a soft recession as they are predicting, I may buy a little more.
