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; he does not own securities in any of the companies he covers.

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