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. …
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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 [email protected]; he does not own securities in any of the companies he covers.
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
