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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (14105)	3/8/2002 8:58:46 PM
From: 249443	Read Replies (3) \| Respond to of 78745

Paul Senior -- My #1 Pick: Good evening Paul, I don't own the number of stocks that you own, I assume based upon your writing, but Brascan is my favorite at the present time. I've produced some reports (for an investment house)on Brascan, based on many reasons. brascancorp.com To be brief, the company has the following benefits: 1) new leadership that is very focused, intelligent, and shareholder friendly 2) a current dividend yield of about 3% (the company has no plans to increase the dividend or to decrease/eliminate the dividend) 3) a misunderstanding, in my view, of bnn's Brazilian exposure 4) significant insider ownership 5) significant bbn stock buyback 6) the most complete, transparent, and precise financial reporting of any company that I follow 7) bnn's power operations are deriving significant cash flow 8) financial operations (business is flowed primarily through its 71%-owned Trilon Financial Corporation) are providing solid cash flow to bnn 9) bnn's ownership in public entities have signficant upside -- due to their business models and the fact that these firms are all buying back stock (bnn wants to own 100% positions, eventually, in these companies) 10) Management has clearly identified Falconbridge & Noranda ownership stakes as an issue to be addressed -- in terms of creating shareholder value 11) Management has explicit goals and expectations for business operations in order to create shareholder value 12) bnn's real estate operations are creating significant cash flow brascancorp.com "...Brascan's property operations are conducted primarily through 48%-owned Brookfield Properties Corporation. Brookfield is a major, publicly held North American commercial real estate company, focused on the ownership, management and development of premier office properties in the downtown business districts of selected major North American cities..."