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Welltower Inc. (WELL $202.33)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $61.88)
Q: I have held Welltower in my RRSP for several years, and it has appreciated very well. However, I am thinking I will sell it and use the proceeds to enter BAM (higher dividend and an opportune time to buy).
What is your current opinion of WELL?
Would you see this switch to BAM as favourable?
What is your current opinion of WELL?
Would you see this switch to BAM as favourable?
5i Research Answer:
WELL is a decent, safe name, focusing on housing for seniors. This of course provides stability of cash flow. Shares are up 11% YTD and 42% in a year. We like it, but shares are quite expensive because of this stability. Its return has beaten BAM, but we do think BAM offers much better potential from current levels. We would endorse a switch today.