BN Brookfield Corporation

$BN under $40 is a steal to me. You’re getting one of the best capital allocators in the world with massive exposure to infrastructure, power, data centers and the buildout behind AI. I’ve been buying $BN consistently, and at these levels I’m more than happy to keep adding.

$BN So management values their own business at 67 per share sum of the parts and has a clear path to 140 in 2031 and has delivered against their targets for decades.

$BN added some long today and will continue to chip away on weakness. this company should really benefit from the increased attention to Canadian investment.

$BN continues to quietly put capital to work. Brookfield has reached an agreement to acquire Australia’s Reliance Worldwide for roughly $2.9B through its private equity business. This is what I like about Brookfield. They have the scale, capital, and patience to keep finding opportunities across different parts of the market. Not flashy. Just consistent capital deployment from one of the best operators in the business.

$BN shows about $265B in consolidated debt. At first glance, that looks pretty scary. But only about 6% of Brookfield’s consolidated debt is issued by, or has recourse to, Brookfield Corporation itself. Most of the debt sits at the asset, project, subsidiary, or managed-entity level. Brookfield’s corporate borrowings excluding commercial paper were about $14.3B at Q2, with a weighted-average term of 15 years and a weighted-average interest rate of 4.8%. This is why the headline debt number alone can give you the wrong picture of $BN.

$BN the slides both BN and BAM are taking is unwarranted and is a good buying opportunity!