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Brookfield Corporation stock trades at a significant discount relative to the sum of its individual holdings. At the same time, I see potential catalysts that could help the stock close the gap. I present an updated thesis for what is my largest position.
Brookfield's stock performance has been lackluster this year, underperforming the S&P 500, due to factors such as a decline in earnings and a string of defaults. Despite these challenges, the company's exposure to defaulted-on loans is minimal, and credit rating agencies have not downgraded Brookfield's debt due to the defaults. The company's valuation remains healthy, with potential for earnings recovery due to recent deals.
BROOKFIELD NEWS, July 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX: BN, NYSE: BN) will host its second quarter 2023 conference call and webcast on Thursday, August 10, 2023 at 10:00am (ET).
Brookfield Corp. is suffering from the perception of office defaults that have little actual bearing on its valuation. In attempting to discount low-quality offices, the market discounted the entire real-estate portfolio and insurance business.
Bruce Flatt, Brookfield Asset Management CEO, joins 'Squawk on the Street' to discuss Flatt's overall viewpoint on the economy, the story behind Brookfield's commercial real estate business and parting thoughts on the San Francisco market.
BROOKFIELD, NEWS, April 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE/TSX: BN) will host its first quarter 2023 conference call and webcast on Thursday, May 11, 2023 at 10:00 a.m. (ET).
This isn't the easiest stock to understand, but it is a fantastic business.
BROOKFIELD, NEWS, March 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced that Bruce Flatt, Chief Executive Officer, is scheduled to present at the RBC 2023 Global Financials Conference on Tuesday, March 7, 2023, at 8:15am ET.
The 4Q22 letter to shareholders says the estimated net asset value per share is vastly higher than the share price. Management's invested capital table shows net invested capital of $83.3 billion.
The stock price of Brookfield Corp (NYSE: BN) fell over 3% intraday today. This is why.