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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.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Brookfield Corporation (BN)
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Author: Baybrooke ✸  😊 😞
Number: of 579 
Subject: BBU 2023 Q3 Earnings Report
Date: 11/03/23 6:47 PM
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No. of Recommendations: 3
Today was BBU's turn to turn red hot. +12.56%.

Conference Call & Webcast
https://edge.media-server.com/mmc/p/jmsmaktt/

Letter
While the quality of our underlying operations is the best in our history, our trading price remains materially disconnected from the value of our business. Our units today trade at less than 8x annualized EBITDA compared to 13x for the S&P 500. Businesses which generate EBITDA margins on par with ours are trading in the stock market at EBITDA multiples around 15x. As a consequence, BBU represents a great value opportunity. At this entry point investors should out-earn the underlying performance of our operations as the discount between our trading price and value narrows.
bbu.brookfield.com - Bbu q3 letter to unitholders

Supplemental Information
bbu.brookfield.com - Bbu q3 supplemental
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Members reply directly to Baybrooke here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
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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