Brookfield (BN) Stock

Billionaire Bill Ackman has established a name for himself as an outspoken investor who takes activist stances through his hedge fund, Pershing Square Capital Management. Unlike many other hedge fund managers, who invest in thousands of stocks and often have huge teams buying and selling, Ackman's fund has a small number of stocks at any given time in which it takes a significant position.

BROOKFIELD, News, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) today announced that the Toronto Stock Exchange (the “TSX”) accepted a notice filed by BIP of its intention to renew its normal course issuer bid for its outstanding limited partnership units (“LP Units”) and its cumulative class A preferred limited partnership units (“Preferred Units”, and together with LP Units, “Units”). Brookfield Infrastructure Corporation (“BIPC”) (NYSE/TSX: BIPC) also today announced that the TSX accepted a notice filed by BIPC of its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares (“Exchangeable Shares”).

Lately, investors have been pouring money into stocks seen as gaining from the incoming U.S. administration. These include Tesla and various regional banks (the former could gain from Elon Musk's closeness to Trump, the latter from Trump's lax approach to banking regulations). Brookfield largely hasn't been mentioned in the discussion about Trump trades, but it benefits from Trump's regulatory approach much like regional banks do.

Brookfield Asset Management is a low-maintenance "buy and hold forever" stock with limited outside risk to the operations. Management aims to double operational metrics in five years, a significant leap from their 25-year base. The 22.7% YoY increase in fee-bearing capital in Q3 supports the thesis that Brookfield is on track to meet its ambitious goals.

Diversification, schmiversification. That seems to be the attitude of billionaire hedge fund manager Bill Ackman.

Bill Ackman is happy to buy stocks when he believes they're on sale, and he holds them until their prices reflect what he believes are their true values. That could be a few months or it could be a decade.

Billionaire Bill Ackman Recently Bought One of My Favorite Stocks. Here's Why I Think It Was a Brilliant Move.

BROOKFIELD, NEWS, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced that it has received exemptive relief from the Ontario Securities Commission from the requirement to obtain a formal valuation and minority shareholder approval in relation to the arrangement to enhance the corporate structure of Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM), which was jointly announced by BN and BAM on October 31, 2024 (the “Arrangement”).

Brookfield's focus on hard assets like infrastructure, renewable energy, and logistics, combined with a proven 19% annualized return, makes it a compelling long-term investment. The company aims for 15%+ annualized returns through 2029, supported by strategic investments and a $50 billion free cash flow growth outlook. Despite a low 0.6% yield, Brookfield's diversified growth potential and attractive valuation at 15.2x earnings make it a strong pick for growth/value portfolios.