BAMGF - Silver Beech Capital - Brookfield Corporation: Undervalued With Embedded Upside And Poised To Outperform

2024-02-14 20:05:00 ET

Summary

• We would not be interested in Brookfield Corporation if it were simply selling at a discount.
• We believe Brookfield’s public subsidiaries’ high leverage is well managed, and, going forward, expect strong subsidiary operating performance.
• We think Brookfield’s intrinsic value is more than 40% greater than its December 31 share price.

The following segment was excerpted from this fund letter.

Brookfield Corporation ( BN , BN:CA )

Brookfield Corporation is a high-quality business with an excellent investing track record that has amassed one of the world's largest discretionary pools of capital focused on managing and owning investments in infrastructure, renewables, real estate, insurance, private equity, and credit. Brookfield Corporation offers investment products and services focused on these verticals to institutional and retail clients through its asset-light investment management business named Brookfield Asset Management ( BAM )....

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