Q: Anything in particular causing BAM to sell off so much today? Looks like it might be at a good price to pick up some?
5i Research Answer:
It is just that type of market; there was no negative company news on Monday. Investors are panicking on software loans, thinking all software companies are about to go out of business. But BAM is less exposed than others. With a recent dividend increase and huge fee-based assets, we would be comfortable buying.