Q: Bam has been strait down 20% in the past few weeks.What’s the problem?
5i Research Answer:
BAM is still ahead of the TSX this year, by 5 percentage points. All dividend stocks have been drifting lower, as investors fret about high rates and recession. There has been no specifically negative news from the company, though in such a market its holdings can see a decline in value. But it continues to make deals and investments, and EPS is expected to show growth next year. We continue to see the company as quite attractive for income investors.