BAM Stock Recent News

Fundraising has picked up in Q2 and with the AEL deal done, management expects a record 2023 raise of $150 Billion. Between BAM and BN, Brookfield is my largest position. I present my updated thesis for my favorite asset manager.

BROOKFIELD, NEWS, June 05, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that Bruce Flatt, Chief Executive Officer, is scheduled to deliver the keynote presentation at the Morgan Stanley U.S. Financials, Payments and CRE Conference on Tuesday, June 13, 2023 at 12:00pm ET.

REITs are today priced at historically high dividend yields. Even blue-chips now yield 6%.

Blackstone has nearly $200 billion of "dry powder" -- an industry-leading position. Brookfield has capital to invest at a time when that's scarce.

Brookfield Corporation looks undervalued on a sum-of-the-parts and a "Look-Through" Earnings basis. I estimate that BN is trading with a 30% holding discount to the value of the underlying assets.

REITs are down very significantly over the past weeks. We continue to execute our accumulation strategy.