from Desjardins Securities: read it here
BAM is one of my favourite longterm investments: wide moat real estate (both residential and commercial), "green" power generation assets along with prolific management fees, keeps the cash coming in. 17% of shares are insider owned. Capital allocation is carefully and intelligently considered: read CEO Bruce Flatt's comments regarding that topic in the Q3 2008 conference call transcript.
I have a low ball bid in for $10/share (below book value of approx $11/share!).
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