No. of Recommendations: 5
From the price action the last few days it appears that investors prefer holding BAM (up 3.5% today) to BN (down 1.2% today). Would you agree, and if so, why do you think that's the case? My guess is that investors believe that BAM will grow faster than BN, which makes sense. However it looks to me like BAM is overvalued and BN is undervalued, although I'm not sure that you would agree with that assessment. Certainly BN is the boss: they set the company strategy, choose the the properties to own and set the fees charged to co-investors. If I were buying one or the other, BN or BAM, I think I would choose BN. In fact, I bought a tiny amount of BN yesterday. Thoughts?
