BAM Brookfield Asset Management has been discussed and analyzed fully in previous posts (use the search function in the upper left corner of the screen).
In an extremely hostile credit market long with irrationally negative views towards all types of property investment (both commercial and residential), BAM is thriving. The details are in Bruce Flatt's shareholder's letter.
The renewable power sector investment is driving the company's growth and the carefully selected commercial properties' performance has more than offset the residential property portfolio's under performance.
A 2 million share buyback was completed this quarter. The balance sheet has improved as well.
BAM's share price has reflected these observations by increasing from just above $25 to
just under $33 today. Morningstar and I agree that adding to an existing position on negative dips that are almost sure to come over the summer would be an excellent choice for a long term investment i.e. in a RRSP. I hold BAM and am planning to do exactly this in my RRSP.
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