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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Brookfield Corporation (BN)
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Author: samtheinvestorm   😊 😞
Number: of 579 
Subject: Re: Bruce Flatt on Bloomberg Feb 21
Date: 03/04/24 9:34 PM
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Interesting video thanks for posting. Some additional points, from a very quick search:

1: Ron Kalifa has joined Brookfield Asset Management as vice chair and head of financial infrastructure investments. Brookfield has invested or committed about $5 billion in financial infrastructure companies, and on June 9 [2023], Brookfield announced it would acquire Network International for about $2.76 billion (source: pionline.com - Ron kalifa named head financial infrastructure brookfield asset management).

2. From Network International website:

Our two business segments are the Middle East and Africa:

Our largest segment by revenue is the Middle East, which includes the key markets of the United Arab Emirates and Jordan. We have recently entered Saudi Arabia, a market that offers significant opportunities for growth.
We provide services in more than 40 countries in Africa, including the major markets of Egypt, Nigeria, and South Africa (source: network.ae - Who we are).

I don't have enough knowledge/experience in this area to post any kind of analytical insight, but hopefully some will find it useful.

Sam
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This community has written 574 posts about Brookfield Corporation. The article-length ones it recommended most:
BN fair value · 26 recs · 2023
Lotta talk, not much action · 21 recs · 2023
Plan value versus price · 20 recs · 2024
Convergence · 19 recs · 2023
Value versus price · 15 recs · 2024
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