Subject: Re: baskin NAV
Baskin via the owner along with Barry Schwartz and Ernest Wong are in my view/opinion some of the most self-promotional and stock specific - the ones they own - promoters in the field of investing today. And for whatever it is worth and why they do it - they are increasingly stuck and extensively promoting Brookfield. They make a market for themselves with Brookfield similar to the way Bloomstran does with Berkshire.

Through the years you'll see these firms and their stock promoting situations come and go and I've seen many use Berkshire only to either quietly stop or make a condemnation of the previously promoted stock and stop (Wedgewood with Berkshire for instance). I'd be very careful to consider anything from Baskin anything other than marketing. Barry is a sensational upbeat even euphoric stock promoter - again in my view a great marketer.

Brookfield Property is something that years ago in the previous forum was considered a hero stock, the leading poster was stating a 7 bagger in 10 years. At the time I considered the business worth less than half the stock price.

Today Brookfield Property's financial statements suggest things that no one seems willing to actually accept, nor discuss. For some time, a long time, I've now decided that Brookfield Property has negative worth even if Bruce Flatt's "you should value us at 2% cap rates" fantasy is anywhere close to accurate.

My original Brookfield stock certificate, which I posted a photo of on another debating site, is 1986 - so I've seen things. In my view one after another of the Brookfield entities will present less than expected outcome over time. Management will continually state that their 240,000 asset flippers are superior to the other thousands of asset flippers while investors tend to break it down to a simple "Bruce vs Warren". If rates plummet it may somewhat help, but not enough.

BAM is likely the grower, maybe even a fast one given institutions huge need to present themselves as rational . But those who own the stock I think it is inevitable you see a much lower multiple which should be factored in to any purchase. And I'm aware that others here consider plan value both realistic and a good guide for valuation. I think this concept is just so bad it is not worth discussing. Brookfield investment relations are selling themselves to institutional investors with a heavy handed style that works evidently very well. The issue is I don't think any of it relates to what we here should consider for valuation.

I'll be slammed hard and dismissed here with this post. One of the things that reigns with the like button model is that no matter how wrong you are, even massively wrong, people chose sides and Caldini's work says the consistency principal is incredibly strong. Many of the Brookfield entities, and particularly Brookfield Property, will in my view not give you the 15-20 plus you are expecting...nowhere even close.

Does it mean I suggest selling? Not once said that.