Q: Since last summer BAM has steadily fallen 35% and shows no sign of reversing the negative direction of it's price chart. I would appreciate your analysis of this negative price direction of a supposedly quality company.
Thank you.
Thank you.
5i Research Answer:
We posted comments on BN and BAM this morning. The decline is largely sector and market related. BAM fundamentals are fine and it bumped up its dividend nicely. We consider it quite attractive right now. If markets weaken further we would expect the group to get more active with M&A activities to set itself up for more long term growth.