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Apollo Global Management Inc. (APO $109.98)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $60.47)
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Blackstone CDR (CAD Hedged) (BX $13.83)
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KKR CDR (CAD Hedged) (KKR $19.95)
Q: I find it a little odd that these shares are down {(some nearly 30%). It is as if they forgot how to make money. Many voices lining up against them. A couple of independent analysts I use have them top picks. Is it time to start building positions?
5i Research Answer:
We think this makes sense. As noted, these are beaten down and many of these names have been through good and bad markets before. Some patience will likely be required still but we would not take issue with picking away at names in the space.