How much are you down right now??? With a .07 cent dividend.... cringe to think you have to hold that stock now that it down so much, and not even get a good dividend yield...ouchhh... good luck m8
I found it interesting how many super investors bought and then quickly pivoted and sold out shortly after. Any insight on this? Any idea what spooked them?
I think you are referring to Mohnish Pabrai. He probably found something he liked more, as we can see from his 13F, he's betting on a cyclical business right now. I don't believe his sell has anything to do with BN. Nothing scared him, it's just that he prefers something else.
@@ThijsNijenhuis Monish is sitting on a massive amount of cash, I don’t think he needed the money in order to buy AMR. Either he’s a “long term investor” and got spooked or he’s not what he claims to be. Something doesn’t add up here…
I been a stockholder of Brookfield since 2022. I love their track record. One question. In their presentation, they said they plan to grow "Plan Value" from $74 now (2023) to $163 by 2028. What is "Plan Value" ? Are they referring to book value? They didn't really explain what is "Plan Value". Cheers,
That's great! Thanks for the question. Plan Value is Brookfield's best shot of estimating the Intrinsic value of the business. It's not book value. It's a value based on assumptions by Brookfield to estimate the Intrinsic value of the business. These assumptions differ per year, but in the end notes of presentations you often find more details. Hope that helps you out!
One thing I find confusing, is that their presentations are very sales oriented, with a lot of numbers going around. E.g. 45 billion of cash generated in 5 years vs. 5 billion of cash flow per year on other slide. Great company, but high effort to understand.
They are counting on decent FCF growth, hence the 45 billion. Of course, it is sales oriented and they first need to show us that they are really capable of such growth. Having that said, last few quarters were splendid. Good growth and then the buybacks as icing on the cake..
I definitely own some shares. And I am hoping to buy more but the price is suddenly going up and hesitating and wondering when the next dip comes in. I like their long term focus and they have an appreciation for the small retail investor. Let's hope prices stay muted but IMHO this can be a good investment.
For me one of the most confusiing part is the balance sheet. It shows $200b in debt but in fact BN has only 13b cna you 0lease make a video or maybe just repond here how to think for this 200b and why is or is not a problem for them?
hold on. Most of the debt is at asset level AND its non re-course to the corporation. They have very little debt at corporation level. Example: they build a solar park, they put in say 40% and finance the remaining 60%, those 60% financed is at the asset level... if that solar station doesn't see much light, Brookfield can just leave that business, stop paying the bank, and the banks will keep the solar park for themselves, Brookfield will only loose the equity they put in the business (40%), and the bank cannot come to the corporation with claims for the remaining 60%.
Very true. It's a little bit of a corporate law/structuring case, but indeed, they are well protected and the balance sheet is more appealing than it may seem at first glance.
The more I follow Mohnish Pabrai and his mantra the more confused I am by his own investment decision and in and out buy and sells which fly in the face of his philosophy. Strange indeed. I do not follow his buy and sells any more but have adopted some of mental models which are cloned mostly from Munger and Akre.
Earning money trumps philosophy. Look at all quotes from buffet and then look what he is actually doing. Not saying that their framework is a joke just that experience teach you when it is ok to break the rules.
Oh well, a buy is a tremendous sign, a sell is not as meaningful. BN remains a phenomenal company, that hasn't change. Would love to pick up Pabrai's shares if he's willing to sell them!
my biggest position. Bruce designed a compounding masterpiece! fantastic business
How much are you down right now??? With a .07 cent dividend.... cringe to think you have to hold that stock now that it down so much, and not even get a good dividend yield...ouchhh... good luck m8
you don't even know when he bought it and you talk about cringe...@@southernman6053
@@southernman6053 dang you're a bitter person
I found it interesting how many super investors bought and then quickly pivoted and sold out shortly after. Any insight on this? Any idea what spooked them?
I think you are referring to Mohnish Pabrai. He probably found something he liked more, as we can see from his 13F, he's betting on a cyclical business right now. I don't believe his sell has anything to do with BN. Nothing scared him, it's just that he prefers something else.
@@ThijsNijenhuis Monish is sitting on a massive amount of cash, I don’t think he needed the money in order to buy AMR. Either he’s a “long term investor” and got spooked or he’s not what he claims to be. Something doesn’t add up here…
I been a stockholder of Brookfield since 2022. I love their track record.
One question. In their presentation, they said they plan to grow "Plan Value" from $74 now (2023) to $163 by 2028. What is "Plan Value" ? Are they referring to book value? They didn't really explain what is "Plan Value".
Cheers,
That's great! Thanks for the question. Plan Value is Brookfield's best shot of estimating the Intrinsic value of the business. It's not book value. It's a value based on assumptions by Brookfield to estimate the Intrinsic value of the business. These assumptions differ per year, but in the end notes of presentations you often find more details. Hope that helps you out!
@@ThijsNijenhuis Thanks. Have a great weekend!
It all seems to good to be true… their projections for the future are astounding!
But… will they achieve them?
How can they be so bold? So certain?
Would be interesting to dive into the reinsurance business, which is listed as well.
Would you please consider doing a video into Pabrai's new AMR stock position? He sold Micron and Brookfield for this and CEIX
Looks interesting and obscure at the same time... Will take a look!
Great vid. I'll look into this one
One thing I find confusing, is that their presentations are very sales oriented, with a lot of numbers going around. E.g. 45 billion of cash generated in 5 years vs. 5 billion of cash flow per year on other slide.
Great company, but high effort to understand.
Holding company is a sum of parts.
Yea... not they explicit on the context switching.
They are counting on decent FCF growth, hence the 45 billion. Of course, it is sales oriented and they first need to show us that they are really capable of such growth. Having that said, last few quarters were splendid. Good growth and then the buybacks as icing on the cake..
I definitely own some shares. And I am hoping to buy more but the price is suddenly going up and hesitating and wondering when the next dip comes in. I like their long term focus and they have an appreciation for the small retail investor. Let's hope prices stay muted but IMHO this can be a good investment.
Thanks for sharing! Agreed. Hope that prices keep being attractive for the time being. Will add to it if I get the chance!
Great video :) can you do an analysis on Stellantis? or Anta sports :)
Agreed, great business
For me one of the most confusiing part is the balance sheet. It shows $200b in debt but in fact BN has only 13b cna you 0lease make a video or maybe just repond here how to think for this 200b and why is or is not a problem for them?
hold on. Most of the debt is at asset level AND its non re-course to the corporation. They have very little debt at corporation level. Example: they build a solar park, they put in say 40% and finance the remaining 60%, those 60% financed is at the asset level... if that solar station doesn't see much light, Brookfield can just leave that business, stop paying the bank, and the banks will keep the solar park for themselves, Brookfield will only loose the equity they put in the business (40%), and the bank cannot come to the corporation with claims for the remaining 60%.
@@acunha3105 Is that for the 200b or for the 13b of CRE? What should i be consern about is the 200b Can they be damaging for the BN?
@@Atemi1990 thats for the 200b.
Very true. It's a little bit of a corporate law/structuring case, but indeed, they are well protected and the balance sheet is more appealing than it may seem at first glance.
@@ThijsNijenhuis I think I clear my misunderstanding. BNRE is interesting part of their business and seems very cheap if their projections come true
I like this business as a Canadian but I think it is only fairly valued at this time. I wish I bought last year when it was down
BN is down quite a lot now, so may be a good time to buy
I wouldn't touch real estate with a ten foot pole at this point tbh
Thanks!
Pabrai sells stuff all the time, usually at a loss. No one knows what he's up to.
True.
Good but they expanded into india.
The more I follow Mohnish Pabrai and his mantra the more confused I am by his own investment decision and in and out buy and sells which fly in the face of his philosophy. Strange indeed. I do not follow his buy and sells any more but have adopted some of mental models which are cloned mostly from Munger and Akre.
Earning money trumps philosophy. Look at all quotes from buffet and then look what he is actually doing. Not saying that their framework is a joke just that experience teach you when it is ok to break the rules.
Oh well, a buy is a tremendous sign, a sell is not as meaningful. BN remains a phenomenal company, that hasn't change. Would love to pick up Pabrai's shares if he's willing to sell them!
@@ThijsNijenhuis check out his 13F... he's already sold them!!. Surprise Surprise 🤣
Pabrai has become a shameless trader. It's easier to understand Michael Burry's quarterly swing trading routine.
Boyyyyy this video didn't age well..... 😅
It actually aged very well
Aged well indeed