Topic: How To Invest

Hi, Pat: Can you comment on Brookfield Asset Management? I would like to consider this company for the long term. Thank you.

Article Excerpt

Brookfield Asset Management, $41.21, symbol BAM.A on Toronto (Shares outstanding: 981.1 million; Market cap: $40.2 billion; www.brookfield.com), is a holding company with a focus on real estate, infrastructure and power generation. Its holdings include interests in Brookfield Renewable Energy Partners, Brookfield Property Partners and Brookfield Infrastructure Partners. In addition, Brookfield Asset Management invests in resources, including through its 52% stake in Norbord Inc., one of the world’s largest producers of oriented strand board, or OSB, a type of plywood. The shares yield 1.5%. Brookfield Asset Management has a complex holding company structure that could make it difficult to spot problems, should they arise. That includes its management fees, as well as inter-company loans and interlocking preferred share holdings. However, the stock is okay to hold. hold. …

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