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BAM - Brookfield Asset Management


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Guest notorious546

At its investor day in NYC this morning, BAM announced they are spinning off a 35% stake in Brookfield Business Partners to BAM shareholders, worth approx $500mm.  This is their property and construction services businesses unit, and will be dual listed in the US and Canada.  Watch for a special dividend in shares worth about $0.50/share in Q1/16.

 

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Guest notorious546

 

this could be a nice little tailwind, will be interesting to see how this unfolds

 

You think tailwind?

 

might be some good assets to pick up from these sellers no? Seems like they will be attempting to create liquidity in a fairly short time frame

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There is some discussion of BAM on another thread. Please be aware that some shorts are circling this name.

 

It is safe to assume that Bill Alpert didn't decide to write an article on obscure IFRS accounting at BAM without prompting:

https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjwmMTHi_bLAhUhmoMKHXcKB2MQqQIIHTAA&url=http%3A%2F%2Fwww.barrons.com%2Farticles%2Fhow-fair-are-brookfields-fair-value-estimates-1459570693&usg=AFQjCNEZKbCsUHtBRphUmlWUwXZownCL9w

 

And Roddy Boyd:

http://sirf-online.org/2013/11/18/brookfields-looking-glass-world/

 

Both these guys are friendly with some prominent short sellers.

 

So longs should be prepared for a potential bear raid. Or there could be some real problems here.

 

Disclosure: I own some BAM at a low cost base, but the company is way too complex for me to analyze.

--

Modified Barron's link to use Google backdoor.

 

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Guest notorious546

There is some discussion of BAM on another thread. Please be aware that some shorts are circling this name.

 

It is safe to assume that Bill Alpert didn't decide to write an article on obscure IFRS accounting at BAM without prompting:

http://www.barrons.com/articles/how-fair-are-brookfields-fair-value-estimates-1459570693?mod=BOL_hp_highlight_6

 

And Roddy Boyd:

http://sirf-online.org/2013/11/18/brookfields-looking-glass-world/

 

Both these guys are friendly with some prominent short sellers.

 

So longs should be prepared for a potential bear raid. Or there could be some real problems here.

 

Disclosure: I own some BAM at a low cost base, but the company is way too complex for me to analyze.

 

Is it really surprising that people don't use the same accounting treatment for the same assets? I'd be surprised if you really found management team's who own portions of assets arrived at the same exact value.

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Is this article less of a concern to those when you consider that asset sales have an impressive track record of being ABOVE what was stated on the books?

 

BAM does have a history of being conservative on the balance sheet. So to those who are bearish on BAM -- I ask what is different now?

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Guest notorious546

Is there a way to read te Barron's article without an account or can someone repost here?

 

Thank you!

google the title, click the first link, worked for me

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