Top 5 Stock Picks of Murray Stahl’s Horizon Asset Management

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This article discusses the Top 5 Stock Picks of Murray Stahl’s Horizon Asset Management at the end of June 2022. You can learn about Horizon Asset Management’s top 10 stock picks and the fund’s recent performance by reading Top 10 Stock Picks of Murray Stahl’s Horizon Asset Management.

05. Brookfield Asset Management Inc. (NYSE:BAM)

Horizon Asset Management’s Stake Value: $103.324 million

Number of Hedge Fund Holders as of Q1 2022:  35

Brookfield Asset Management Inc. (NYSE:BAM) was founded in 1997 and based in Toronto, Canada with additional offices across Northern America; South America; Europe; Middle East, and Asia. It is an alternative asset manager and REIT/Real Estate Investment Manager firm that focuses on real estate, renewable power, infrastructure and venture capital, and private equity assets.

On July 28, ahead of quarterly results, Credit Suisse analyst Andrew Kuske maintained an Outperform rating on Brookfield Asset Management Inc. (NYSE:BAM) shares while lowering his price target from $71.50 to $62.50. In general, the analyst thinks that Brookfield Asset Management Inc. (NYSE:BAM) core platform and business are still well-positioned for the long term and are gaining from quicker fund raising, deal deployment, and monetization. His current projections and valuation could increase if these efforts continue to succeed, the insurance industry continues to expand, and the repackaging of real estate proceeds more quickly than expected.

As per the latest quarter’s earnings results announced on August 11, the stock has missed the EPS estimate by $0.42 with an EPS GAAP Actual of $0.34  but has beaten the revenue target by $4.87 billion with an actual revenue figure of $24.29 billion. The company has a record $111 billion of cash and capital available for investment, it will be incredibly interesting to see how it deploys these funds. The company shares are reasonably valued at 17x distributable earnings and 2x book value. The stock has lost 5.19% in the past six months and 10.39% year to date.

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