Q: Hi team,
I can’t get over why BN is selling off so much. I have listened to their conference calls, scrolled through their investor presentations and letters to investors. The quality hard assets they are owning seem rock solid with steady predictable cash flow. They seem to own the quality hard assets that keep the world going . I like that they are also very in tune as to where the new money is being allocated on a global scale (such as new global investments in green energy ). They really seem like top quality operators and remind me of Berkshire. I don’t see where they are tied to risk with this latest bank crisis that would tie them up to the selloff . They advertise 175 billion of available investment capital. Yet their market cap only shows 61 billion according to my brokerage. It amazes me like a risk asset like bitcoin is being bought up today even thought it’s mostly the crypto banks that are having issues and are most tied to this failure of Svb and such . You would think stocks like Bn and Berkshire should be flocked to as a safe haven but it don’t seem that way. Anyways ; rant over. What am I missing something ? In my eyes for a long term investor this seems like a great time to buy BN shares being almost cut in half from its high? Do you agree?
Shane
I can’t get over why BN is selling off so much. I have listened to their conference calls, scrolled through their investor presentations and letters to investors. The quality hard assets they are owning seem rock solid with steady predictable cash flow. They seem to own the quality hard assets that keep the world going . I like that they are also very in tune as to where the new money is being allocated on a global scale (such as new global investments in green energy ). They really seem like top quality operators and remind me of Berkshire. I don’t see where they are tied to risk with this latest bank crisis that would tie them up to the selloff . They advertise 175 billion of available investment capital. Yet their market cap only shows 61 billion according to my brokerage. It amazes me like a risk asset like bitcoin is being bought up today even thought it’s mostly the crypto banks that are having issues and are most tied to this failure of Svb and such . You would think stocks like Bn and Berkshire should be flocked to as a safe haven but it don’t seem that way. Anyways ; rant over. What am I missing something ? In my eyes for a long term investor this seems like a great time to buy BN shares being almost cut in half from its high? Do you agree?
Shane
