Industrials
Cramer Calls Brookfield Asset Mgmt. the Next Berkshire Hathaway (BAM, BRK/A)
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On tonight’s MAD MONEY on CNBC, Jim Cramer came out with perhaps the best endorsement a diversified company could get: he called Brookfield Asset Management (BAM-NYSE) the next Berkshire Hathaway (BRK-A) but on more of an international and infrastructure basis. This stock has risen 744% since 1997 and 54% in the last 12 months.
The company manages $70 Billion in property, infrastructure, land, and specialty funds. Cramer really likes the CEO J. Bruce Flatt. They own and manage independent power production as well. The market cap is $22.25 Billion and has a P/E ratio of 19.9. Shares rose 3% in after-hours trading to $39.41 and the 52-week trading range is $25.70 to $43.82.
Jon C. Ogg
June 20, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in any of the companies he covers.
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