Comments on: (Back) By Popular Demand, BAM (Brookfield Asset Management)

By: The Enlightened American » Brookfield Asset Mgmt (BAM) Q3 2008 Update

The Enlightened American » Brookfield Asset Mgmt (BAM) Q3 2008 Update — Tue, 11 Nov 2008 21:29:57 +0000

[...] covered in my initial report on BAM, the balance sheet is misleading. Without getting deep into it, the balance sheet seemed fairly [...]

By: The Enlightened American » Portfolio Performance: -0.4% YTD through September 2008

Thu, 02 Oct 2008 03:35:20 +0000

[...] I added BAM, NTE, FCX and INTC as well as an in-the-money put on AMAT. With the exception of BAM (see my previous post), the other 4 positions shared some common characteristics: little to no debt, [...]

By: Davy Bui

Davy Bui — Thu, 29 May 2008 16:17:08 +0000

Randy,

Thanks for the update on the Longview refi. I originally wrote the report in late March so the refi hadn’t occurred yet.

On another note, the Financial Post states that Calgary is the 2nd most expensive office space market in North American, behind only middle Manhattan. If true, this offers a little more downside protection in the commercial property portfolio.

By: Randall Tidd

Randall Tidd — Tue, 27 May 2008 22:08:54 +0000

Excellent summary, Dave. Lots of great points that are often missed in other analysis.

However, I think the comment about the financing on the timberland assets (Longview) is not correct. Longview was originally financed with $1.3 billion of bridge financing, which was refinanced in April:

http://www.brookfieldinfrastructure.com/Newsroom/pressreleases/r2008/r2008-04-03.asp