Subject: BBU 2023 Q3 Earnings Report
Today was BBU's turn to turn red hot. +12.56%.

Conference Call & Webcast
https://edge.media-server.com/...

Letter
While the quality of our underlying operations is the best in our history, our trading price remains materially disconnected from the value of our business. Our units today trade at less than 8x annualized EBITDA compared to 13x for the S&P 500. Businesses which generate EBITDA margins on par with ours are trading in the stock market at EBITDA multiples around 15x. As a consequence, BBU represents a great value opportunity. At this entry point investors should out-earn the underlying performance of our operations as the discount between our trading price and value narrows.
https://bbu.brookfield.com/sit...

Supplemental Information
https://bbu.brookfield.com/sit...