No. of Recommendations: 7
Exactly 2 years ago BAM (now BN)share price peaked at $49.71
Today it is trading at $31'ish.
A slow, steady decline like a frog in warm water, despite all the fancy schmancy footwork in the interim.
what can be said to make the glass half full?
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Peak was 50.50 on 2/10/22. But details aside, here is your glass half full view.
2 years ago, the federal funds rate was 0. Today it is 5.25 - 5.5. It's the fastest FFR increase in history.
2 years ago, the US10Y was around 1.75. Today it is 300 basis points higher at around 4.75.
What you are referring to as fancy schmancy footwork is simply Brookfield executing their business plan which all businesses have to continuously do. However, Brookfield doesn't exist in a vacuum. The higher interest rate regime, for various reasons too numerous to enumerate in a short post, has a negative effect in the short run and the lower price reflects that.
Looking to the future, as the business continues to grow based on their solid growth plans, the price will eventually, perhaps over many years, reach and surpass its all time high. That's approximately 66% higher than current price.
