No. of Recommendations: 4
So most of you who have been aware of the somewhat-at-times annoying ole dealraker's posts know that I'm not as much of a wild bull on the Brookfield bunch as Manlobbi is going to position (soon coming). But...I've owned the stock for a long-long-long time and I can't even begin to tell you how appreciative I am of the discussions we have here, they are simply fanstastic...fantastic with a couple exclamation points afterwards.
My view is, and has been for a long-long-long time and I've posted for a long-long time...as I watch and listen to Bruce Flatt and I listen carefully and make my best attempt to discern ('discern' is the perfect word here) what he is conveying in his in-person presentations and in writing? Here it goes as far as I can see...and yes I may very well be 'too deep' in my diagnosis, but still it has worked out somewhat right thinking this for some time (again, quite a while). Here goes:
I think Flatt has done the 25% spin-off of BAM to say 'Look right here people, THIS BSM thing is what we are all about...we are going to grow our management/fee business at a rate that is going to surprise you, even those who are rather super positive.' Will it affect the positioning and market price of BN? Absolutely yes it will.
Yea, I thing Flatt, and it is Flatt himself you can be sure, is strutting the BAM part by the spin-off, that it is going to grow big, or fast, or big time-- whatever wording you want to use. That's what I am sensing by his speech, demeanor, and his writing.
Brookfield as investors, will they prove far superior? I'm skeptical because they are going to seek growth-growth-growth. Others of course will strongly disagree. We have a market!
Owner of the Brookfield stuff for 28 years starting with a very small position (I liked the 'we own dams and such' story and already had some of that stuff elsewhere) that ain't so small anymore.
Have a good day people.
