Brookfield Asset Management Inc (BAM)

[Investorman]

From a Forbes article.......

I like Brookfield Properties Corporation ( BPO - news - people ) and Brookfield Asset Management.

These are two related companies. Brookfield Asset Management is a Canadian non-conglomerate that owns energy, timber and real estate and it owns a lot of what are known oil fans in Western Canada. It owns 50% of Brookfield Properties, which is the company that owns the World Financial Center and some really great buildings and has some good growth potential. It's just a very well-run, very high-quality company that also amassed a major investment fund worth about $4 billion to $5 billion from people who buy distressed assets. I think Brookfield is another good, long-term play at a reasonable value now. It doesn't have a great yield, I think it's certainly under 4%, so you don't buy that for its yield, but for its stability as a company.