Posts for Ticker ‘BAM’

Siemens Shows Wind Energy is Alive (SI, DUK, BAM, GE, ZOLT, BWEN)

Wind Energy PicSiemens AG (NYSE: SI) is showing that wind energy is not as dead as many might have you believe. This morning the company issued a press release showing that wind power orders are still possible. The company said that it had been awarded 6 new wind turbine orders in just the last month that come to more than $900 million in orders. While this is not exactly breaking news that will influence a quarter or a year, it shows that there is still some appetite out there for wind power that could help other wind power players domiciled in the U.S.

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Posted on: October 13, 2009 – 11:30 am in Alternative Energy, Conglomerates, Green Biz, Utilities, , , , , ,

Brookfield Goes Deeper Into Turnaround & DIP Funds (BAM, SLF, CM, BPO)

money-stack-imageBrookfield Asset Management (NYSE: BAM) and the Export Development Canada have announced the establishment of a C$1 billion fund with the backing of the “EDC” to provide debtor-in-possession loans, or DIP Financing, and other specialty finance solutions to Canadian companies undergoing a restructuring or reorganization.  Canadian Imperial Bank of Commerce (NYSE: CM) and Sun Life Financial Inc. (NYSE: SLF) are also involved as investors in this fund.  The size of the investments from CIBC and Sun Life were not noted in the release, but this comes on the heels of a larger US$4 billion investor consortium dedicated to investing in underperforming real estate deals with Brookfield Properties Corporation (NYSE: BPO).
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Posted on: August 19, 2009 – 10:30 am in ADR, Conglomerates, Financial Stocks, Mergers and Buy Outs, , , ,

Top 10 Pre-Market Analyst Upgrades (BAM, CEPH, CYPB, FCEL, KR, SWY, XNPT)

Money_stack_picThese are some of the top analyst upgrades and positive research calls we have seen from Wall Street this Tuesday morning:

  • Brookfield Asset Management (BAM) Started as Buy at TD.
  • Cephalon (CEPH) Started as Buy at Piper Jaffray.
  • Cypress Bioscience (CYPB) Started as Buy at Piper Jaffray.
  • FuelCell Energy (FCEL) Started as Overweight at Thomas Weisel.
  • Kroger (KR) Raised to Neutral from Underweight at JPMorgan.
  • Safeway (SWY) Raised to Neutral from Underweight at JPMorgan.
  • Xenoport (XNPT) Started as Buy at Piper Jaffray.

Jon C. Ogg
December 16, 2008

Posted on: December 16, 2008 – 7:50 am in Analyst Calls, , , , , , ,

Top 10 Pre-Market Analyst Calls (ABK, MBI, SCA, BBBY, BAM, DHT, GFIG, PHG, PCLN, RIMM, SPLS, WWY)

These are not the only analyst calls out there, but these are the top calls that 247WallSt.com is focusing on today:

  • Ambac (ABK), M B I A Inc. (MBI), and Security Capital Assurance (SCA) were downgraded to Neutral from Buy at Banc of America (that was real timely).
  • Bed Bath & Beyond (BBBY) raised to Buy from Neutral at UBS.
  • Brookfield Asset Management (BAM) raised to Outperform from Neutral at Credit Suisse.
  • Double Hull Tankers (DHT) raised to Buy from Hold at Citigroup.
  • GFI Group (GFIG) raised to Buy at Goldman Sachs.
  • Philps Electronics (PHG) downgraded to Underweight from Overweight at Lehman.
  • Priceline.com (PCLN) raised to Buy from Hold at Citigroup.
  • Research in Motion (RIMM) raised to Outperform at Oppenheimer.
  • Staples (SPLS) raised to Buy from Neutral at UBS.
  • Wrigley (WWY) raised to Overweight from Neutral at JPMorgan.

Jon C. Ogg
January 18, 2008

Posted on: January 18, 2008 – 7:41 am in Analyst Calls, , , , , , , , , , , ,

Backward & Forward, Cramer In 2007 To 2008

2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008.  Everyone’s favorite market pundit or least liked pundit is obviously Jim Cramer.  If you love Cramer or can’t stand him it really doesn’t matter.  He signed a new multi-year deal with CNBC recently.  Here are some of his major calls this year that will still be referred to in 2008:

Here were Cramer’s TOP 9 STOCKS FOR 2007, with a call broken down for each one.  Borat would say HI FIVE on some and NOT SO NICE on others, as would be expected.  Cramer’s 14,582 year-end DJIA target…..Friday’s close was 13,365.87……although we did hit 14,279.96 on OCT11, 2007.  Cramer also gave a batch of price targets on most of theDJIA components:

Cramer’s Stock Picks FOR 5-YEARS OUT:

SOME LISTS: His list of recession proof stocks compared to ours.  We are updating our
Defensive Stocks For The First Half Of 2008" currently.  Cramer gave a huge list of companies he expects to benefit from the alternative energy traders (SGR, FWLT, BWA, OMG, FSLR, FTEK, WFR, TTEK, ZOLT, BP, SPWR, CY, CPST, ITRI)… Jim Cramer pondered which US companies China would want to acquire, about 3 months before sovereign funds started buying into US companies.  Cramer’s mortgage winners and losers…… Here were his MAJOR BULL MARKET STOCK PICKS(MHS, CVS, AGN, CELG, GENZ, CEPH, RIG, HAL, EMR, CAT, CMI, UTX, KO,PEP, CL, GS, SKS, VFC, UNP, CSX, BA), some of which are DJIAcomponents.  Cramer produced a "MUST OWN" list of stocks, many of whichare up significantly and some are down (WHR, BDK, ATI, BGC, HON, ASD, JCI, MDR, FWLT, CAT, TEX, DE, QCOM)

Cramer spent lots of time on International stocks that most US investors might not cover on their own.  He made a big call on Mercadolibre (MELI) (also BIDU, GOOG) with some emphasis on buying immediately, right before it made a huge run up.  Cramer’s Hidden Video Game Investment Perfect World (PWRD, ATVI, ERTS, VIA) was one he said could run more than 50% for 2008.  Cramer made 5 TOP CHINESE PICKS (CEO, CHL, SSW, FMCN, BIDU, GMR).  We’ll see in 2008 if any of his Canadian OIL TRUSTS get acquired in 2008 (BTE, CNE, PGH, PVX, PWE, AAV, GDI).  Cramer also went over his top picks from Europe for American investors (TOT, SI, ABB, PHG, BF)

ON TECHNOLOGY:  Cramer’s NEW HORSEMEN OF TECH…. will the list change in 2008???  Did Cramer Say $1,000.00 on Google, Or Is It $600.00? That was in May 2007.  Cramer Gave Monster Price targets to Baidu.com (BIDU, GOOG).. will these targets change in 2008? Cramer was very positive on all the GPS stocks,although we’d expect that Cramer will change his tune in 2008 now thatthe holiday madness is behind us (GRMN, UA, CROX, NVT, TRMB, SIRF).

Would it be fair not to include the Barron’s attack on Cramer from summer for those of you that criticize his every word?

ON WARREN BUFFETT…. Cramer noted that BROOKFIELD ASSET MANAGEMENT in Canada may be the next Berkshire Hathaway (NYSE:BRK/A) NYSE: BAM). Cramer reviewed 10 Warren Buffett stocks for analysis and then reviewed 10 More Warren Buffett stocks:

Will his buyout of ALCOA (AA) prediction come true in 2008??? Cramer gave a list of stocks that had bought back so much stock that they might be taking themselves private.

Join our free email distribution list for other Cramer calls or for updates we send out regarding IPO’s, spin-offs, restructuring, reorganization, activist investors and more.

Happy New Years from the 247WallSt.com team!

Jon C. Ogg
December 31, 2007

Posted on: December 31, 2007 – 8:01 am in Cramer, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Earnings Preview: Brookfield Asset Management (BAM, BRK-A)

Friday morning will be the earnings report for Brookfield Asset Management (NYSE:BAM) (and TSX:BAM). The problem with this ‘earnings’ for U.S. investors is that the company is based in Canada and First Call only has a few analysts covering it.  It looks like consensus estimates are $0.26 on EPS, but again we are reluctant to lean too much on a formal estimate based on thin coverage here of a company that will report in Canada and in the U.S.

This one got quite a recent following after Jim Cramer labeled it as potentially the ‘next Berkshire Hathaway’ recently at the end of June.  Since then shares have slid with the weak markets.  Shares are actually now in the lower-half of the $27.08 to $43.82 trading range of the last 52-weeks.  Maybe Warren Buffett is jealous.

The company on July 31 already said it would spin-off 60% of its infrastructure unit called Brookfield Infrastructure Partners L.P. It will spin the stake off to holders of its Class A stock.  Brookfield will retain an approximate 40% equity interest in Brookfield Infrastructure and will manage its operations under a long-term management agreement.  Brookfield Infrastructure intends to seek a listing for its units on the New York Stock Exchange.

Brookfield will implement the spin-off by way of a special dividend currently estimated to be approximately US$1.00 per Brookfield Class A Share, or approximately $600 million in aggregate for 60% of the issued and outstanding interests in Brookfield Infrastructure.  Merrill Lynch & Co. and Citigroup are acting as financial advisors in connection with the spin-off.

According to the company: Brookfield Infrastructure will serve as the primary vehicle through which Brookfield will own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure will focus on high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its initial operations will consist of electricity transmission systems and timberlands, but Brookfield Infrastructure will seek acquisition opportunities in other sectors with similar attributes and where Brookfield’s operations oriented approach can be deployed to add value.

Jon C. Ogg
August 2, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 2, 2007 – 5:21 pm in Buffett, Conglomerates, Cramer, Earnings, , , , , ,

Short Sellers Back Off Conglomerates, July 2007 (GE, MMM, UTX, TXT, BAM, PHG, SI)

If you look at the conglomerate short selling despite the actual rise in NYSE short selling, it appears that the short sellers finally decided that these large cap and mega-cap conglomerates were finally ready to hold their own in the stock market for the attention of investment dollars.  Anyhow, there are some exceptions, but by and large the results speak for themselves.

Based on information received from members and member organizations,short interest increased to 12,950,726,148 from 12,467,283,409 as ofJune 15, 2007.

CONGLOMERATE (TICKER)        JULY      JUNE      CHANGE
General Electric (GE)                     59.15M   59.90M    -1.26%
3M Co. (MMM)                                  8.57M      9.95M      -13%
United Tech (UTX)                          9.13M      7.87M     +15%   
Textron (TXT)                                    1.26M     1.52M       -16%
Brookfield Asset Mgmt. (BAM)       1.49M     1.00M      +49%   
Philips (PHG)                                    946K      995K         -5%
Siemens (SI)                                     623K      1.02M       -39%

Jon C. Ogg
July 20, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 20, 2007 – 3:31 am in Short Interest, , , , , , ,

This Week’s Top Active Stock News Stories (June 22, 2007)

Stock Tickers: WB, GE, SMH, TYC, BRK/A, BX, SBUX, KFT, SIRI, XMSR, CAKE, BAM

Most stories come out, affect a stock or a sector, and then cease to matter.  We have numerous stories that started this week, but should be kept up for an active review because many of these will matter in the week or weeks ahead.

If you can believe it, Wachovia (WB) hit a new 52-week low today.  Where did that come from???? Speaking of, many of these ethanol stocks got a boost Friday because of a bill, but some of these were choking on year lows just two days ago.  General Electric (GE) was hitting a new multi-year high this week, as did the chip stock ETF called the Semiconductor HOLDRs (SMH); neither high held for the week, but these will both be areas to watch.

Tyco International (TYC) will still spit up as of the end of June and start trading for real rather than when-issued on July 2.  At this point, we aren’t all that impressed with the valuation hopes.

Poor Warren Buffett.  He’s the ‘Oracle of Omaha’ and the third richest man, with a great track record.  Yet short sellers are betting more gainst his positions and Jim Cramer gave a breakdown with his own opinion on 10 Buffett picks and then 10 more picks that are current Berkshire Hathaway (BRK/A) holdings.

 

Jim Cramer did something unique this week, and it wasn’t Eddie Lampert praise.  He endorsed the exceptionally performing Brookfield Asset Management (BAM-NYSE) as "The Next Berkshire Hathaway, but on more of an international and infrastructure basis."  Now I can personally vouch that this company is a beast and a great company, but it doesn’t matter what I have to say.  If that wasn’t just put on more long-term radars for traders to buy on weakness, then it would mean something went very wrong….

If you ask me, I don’t think it is ‘fair or balanced’ but the media is going after the Apple (AAPL-NASDAQ) iPhone.  Yep, the tide of hype and over-coverage has started creating a tough coverage and negative bias.  The stock should get a ’sell the event’ right before and after the iPhone launches next Friday, but it doesn’t seem like Steve Jobs has created the first dud for the company.  The media is trying to pawn it that way though. "None Dare Call It Conspiracy."

General Electric (GE-NYSE) is forking over $1 Million for a TV interview with Paris Hilton when she gets out of jail.  She should have to donate that money to MADD or to Tramps Anyonymous.  This is rewarding for bad behavior.

Blackstone (BX-NYSE) made it public, despite all the media gossip against the private equity behemoth.  They are now a force to be reckoned with, or ‘wreck-ened’ by if you get in their way.  Like you didn’t know that.  They even closed up at $35.06, above the $31.00 pricing.  KKR and Carlyle are said to be filing any day now.

Starbucks (SBUX-NASDAQ) on skid row.  It isn’t the coffee, it isn’t the merchandise.  It’s the point of their growth cycle versus the earnings multiple people will pay for it.

Kraft (KFT-NYSE) may have been be on its own for a few weeks now, but activist investor Nelson Peltz has taken a decent stake in the company.  You can be sure he’s going to be rattling the cages over there to drive shareholder value for the next year.  They don’t have to like him, but they’ll make money if they follow him! This one’s going to be live news for some time.

SIRIUS (SIRI-NASDAQ) and XM Satellite (XMSR-NASDAQ) are cranking up their efforts to get merger support.  It can’t be an accident that both shares were up close to 6% on Friday when the market was in the tubes.  Stay tuned.

We came up with a plan for Cheesecake factory (CAKE-NASDAQ) to fix what it got downgraded over this week.  We didn’t really call it a personal buyout pick, although that could be possible if the stock gets too much weaker after a thrashing Thursday.

Jon C. Ogg
June 22, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 22, 2007 – 4:16 pm in The Week, , , , , , , , , , , ,

Cramer Calls Brookfield Asset Mgmt. the Next Berkshire Hathaway (BAM, BRK/A)

On tonight’s MAD MONEY on CNBC, Jim Cramer came out with perhaps the best endorsement a diversified company could get: he called Brookfield Asset Management (BAM-NYSE) the next Berkshire Hathaway (BRK-A) but on more of an international and infrastructure basis.  This stock has risen 744% since 1997 and 54% in the last 12 months. 

The company manages $70 Billion in property, infrastructure, land, and specialty funds.  Cramer really likes the CEO J. Bruce Flatt.  They own and manage independent power production as well.  The market cap is $22.25 Billion and has a P/E ratio of 19.9.  Shares rose 3% in after-hours trading to $39.41 and the 52-week trading range is $25.70 to $43.82.

Jon C. Ogg
June 20, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.

Posted on: June 20, 2007 – 5:32 pm in Buffett, Conglomerates, Cramer, ,