Market Behavior - Investors are heavily trading based on their expectations of Donald Trump's potential actions in office [1] Analyst Position - The analyst holds a beneficial long position in shares of BN, BN:CA, and BRK:B through stock ownership, options, or other derivatives [1] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with mentioned companies [1]

In my previous article , I mentioned that Brookfield Asset Management (NYSE: BAM ) (TSX: BAM:CA ) is the kind of stock that you buy and hold forever. It's a low-maintenance position where I rely on the asset managers to keep theI am an investor that focuses on valuing businesses, always on the hunt for a true fortress business. As the name implies, these businesses have a high barrier to entry, they command phenomenal margins, are difficult to disrupt and don't have to cater to the whims of other businesses ...

Diversification, schmiversification. That seems to be the attitude of billionaire hedge fund manager Bill Ackman. His Pershing Square Capital Management owns a total of 10 stocks. Two of those stocks are different share classes of the same company -- Alphabet.Ackman didn't initiate any new positions in the third quarter of 2024. However, he did buy more of two dividend stocks hand over fist. A global investment company with an impeccable track recordGoing into Q3, Brookfield Corporation (BN 1.29%) wasn't an ...

Group 1: Investment Strategy - Bill Ackman adopts a buy-and-hold strategy, purchasing stocks he believes are undervalued and holding them until their prices reflect their true values, which can take months or even years [1] - Ackman has recently invested approximately $2.2 billion into Nike and Brookfield during the third quarter [2] Group 2: Nike - Ackman acquired about $275 million worth of Nike stock in Q2 and added 13.2 million shares for over $1 billion in Q3 after disappointing earnings results [3][4] - Nike is facing challenges in managing its direct-to-consumer sales, leading to a 10% year-over-year revenue decline in Q1 of fiscal 2025, with management anticipating a slow recovery due to economic uncertainty [4] - Despite current sales struggles, Nike's gross margin improved by 1.2 percentage points in Q1 due to better inventory management and pricing strategies, indicating potential for future growth [5] - Nike's price-to-sales ratio is around 2.3, near a 10-year low, suggesting a potential turnaround as the brand remains strong and growth opportunities exist, particularly in China [6] Group 3: Brookfield - Brookfield has a strong track record with average annual returns of 18% over the last 30 years, and Ackman has invested approximately $1.5 billion in the company across two quarters [7] - The company maintains a 75% ownership stake in its spun-off asset management business and operates in various sectors including infrastructure and renewable energy [8] - Brookfield aims to unlock additional value through operational improvements and plans to compound its free cash flow growth at over 20% annually for the next five years, potentially generating $47 billion in total free cash flow [10] - Shares are currently trading at about 15 times distributable earnings, with management believing the stock should trade at a multiple of 23, indicating a significant discount [11]

Core Investment Strategy - Bill Ackman employs a concentrated investment style, typically holding 10 or fewer stocks and making significant bets on favored companies [2][3] - Ackman has significantly increased his stake in Brookfield, now holding 22 million shares valued at over $1.7 billion, representing about 13% of his hedge fund's assets [3][10] Company Overview - Brookfield operates three core businesses: asset management, wealth solutions, and operating businesses, including renewable power and infrastructure [3][4] - The company has a 73% interest in a leading alternative investment manager, with over $1 trillion in assets under management [3] Leadership and Performance - CEO Bruce Flatt is recognized for his value investing approach and has been with Brookfield since 1990, leading to annualized total returns of 16% over the past 20 years, outperforming the S&P 500 and Berkshire Hathaway [5][6] Growth Potential - Brookfield aims for annualized returns of 15% or more in the long term, with management estimating the stock should trade at around $84 per share, significantly above its current price of less than $60 [6][7] - The company anticipates over 20% annual growth in earnings per share over the next five years, expecting to generate $47 billion in free cash flow, or $30 per share, during this period [8][9] Future Valuation - Brookfield projects an increase in its underlying value to $176 per share by 2029, indicating an annualized growth rate of 16% from its current estimated value [9]

BROOKFIELD, NEWS, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced that it has received exemptive relief from the Ontario Securities Commission from the requirement to obtain a formal valuation and minority shareholder approval in relation to the arrangement to enhance the corporate structure of Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM), which was jointly announced by BN and BAM on October 31, 2024 (the “Arrangement”). BN filed a material change repor ...

Group 1 - The article discusses Brookfield Corporation (NYSE: BN), highlighting it as one of the largest asset managers in the market [1] - The author previously wrote an article titled "Brookfield: The Only Stock You'll Ever Need?" which suggests a strong endorsement of Brookfield Corporation [1] Group 2 - The article emphasizes the importance of in-depth research on various investment vehicles including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs [1]

Brookfield 2 0 2 4 Q 3 2 0 2 4 INTERIM REPORT Brookfield Corporation INTERIM REPORT Q3 2024 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------|-------|---------------------------|-------|--------|-------|--------------------------|-------|--------| | (UNAUDITED) FOR THE PERIODS ENDED SEP. 30 \nTOTAL (MILLIONS, EXCEPT PER SHARE AMOUNTS) | | Three Months Ended \n2024 | | \n2023 | | Nine Months ...

Brookfield Corporation (NYSE:BN) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Company Participants Angela Yulo - VP, IR Bruce Flatt - CEO Nick Goodman - President Conference Call Participants Mario Saric - Scotiabank Sohrab Movahedi - BMO Capital Markets Cherilyn Radbourne - TD Cowen Robert Kwan - RBC Capital Markets Dean Wilkinson - CIBC Alex Bernstein - JPMorgan Operator Hello and welcome to the Brookfield Corporation Third Quarter 2024 Conference Call and Webcast. At this time, all part ...

BROOKFIELD, NEWS, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced financial results for the quarter ended September 30, 2024. Sachin Shah, CEO, stated, “We generated strong returns in the quarter, led by $5 billion of investment redeployment at accretive risk-adjusted yields. Our investment capabilities combined with our strong retail annuities platform position us well for future growth.” UnauditedAs of and for the periods ended September 30(US$ millions, exce ...