Skip to main content

ultimatespinach’s Activity

Thu Dec 31

Premium Commons Boards Post

ultimatespinach replied to the Premium Commons boards. 3:31 PM

Sat Dec 26

Premium Commons Boards Post

ultimatespinach replied to the Premium Commons boards. 10:52 PM

Wed Dec 23

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 2:21 PM

Re: LPs vs. Corporate Entities

Is there anything I'm missing?

I would add to your list the relative share counts, and the resulting trading liquidity issues for the corporate versions, which Brookfield has acknowledged. The unit counts of the partnerships still [more]

Thu Dec 17

Premium Commons Boards Post

ultimatespinach posted to the Premium Commons boards. 1:20 PM

Fri Dec 11

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 11:56 AM

Re: Probe in Jared Kushners B$ deal with BAM

But the lawmakers cited a Financial Times investigation published earlier this year, which found that the payment, in excess of $1bn, came from a vehicle that was controlled by Brookfield Property Partners (BPY), an investment trust that has sold [more]

Mon Dec 7

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 3:41 PM

Re: death and rebirth of department stores

The US and UK are very different markets in many ways, but it's such a wide gap that one might speculate that the death of retail will be longer and more painful in the US because they have further to go.

If you look at the [more]

Wed Nov 25

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 2:38 PM

Re: 11.5%

Maybe they'd like to get BPYU off the books and they think that now's a good time to do it?

I doubt it. I know the share count trajectory makes it look that way, and they do have a provision that allows them to close it down [more]

Premium Commons Boards Post

ultimatespinach replied to the Premium Commons boards. 11:10 AM

Tue Nov 24

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 10:50 PM

Re: 11.5%

BAM has been on a tear as well. Up another 5% today. Seems to fast, but what do I know.

Not even back to its February high. The market valued it as a real estate company because it didn't know any better.

Now, apparently, [more]

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 9:55 PM

Re: 11.5%

Is BAM buying back shares?

The buybacks funded by BAM and executed by BPY are probably either complete or nearly complete at this point. The authorization from BAM lasted until year-end. Judging by an earlier filing, they were buying [more]

Wed Nov 11

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 7:48 PM

Re: JC Penney deal approved

The ghost of Eddie Lampert rolls over and chuckles...

Fortunately, Eddie Lampert is far from the gold standard. He blamed employees for Sears' problems, refused to maintain or modernize stores, revoked life insurance for retirees [more]

Wed Nov 4

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 11:35 AM

Re: big pop today

BPY has, it seems, been the one to hold since spring.
Total returns since average trade in April:
BAM -0.8%
BPY +72.0%


This is entirely a function of the start date. Like the market as a whole, BAM recovered most of its [more]

Thu Oct 29

NL

Boards Post

ultimatespinach posted to the Brookfield Asset Management board. 6:41 PM

BAM and BPY relative performance

If one assumes that the weakness of both BAM and BPY market prices over the past year is due primarily to the portfolio of commercial real estate -- office and retail -- stressed by eight months (and counting) of pandemic-fueled shutdowns and fear of [more]

Tue Oct 13

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 3:18 PM

Re: When to switch back

Thirdly they add the “Blended” value which I find an ambiguous term because whilst it sounds like an “average”, for blended, what they actually do is just take the IFRS for the case of BPY and take the quoted value for the case of BAM. Their [more]

Thu Oct 8

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 6:07 PM

Re: 2020 Investor Day

Those were purchased with cash from BPY/BPYU. BPY then issued the same aggregate amount of Units
for what appears to be the same price paid to 3 subs of ??? (BAM maybe?).


Here's my understanding. [more]

Thu Sep 3

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 2:11 PM

Re: BPY tender undersubscribed

One outcome we didn't discuss relative to the BPY price following the close of the tender offer was the possibility the offer would be undersubscribed to the extent that an unusually high level of buybacks could continue for the rest of the year [more]

Mon Aug 24

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 4:13 PM

Re: Covid-19 Pounds NY Real Estate

Yes, the world will largely return to normal.
But many trends that were already underway will accelerate or have a big one-time jump in the same direction. The decline of mid range malls?
...
It's harder to figure out exactly where
[more]

Sun Aug 23

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 10:14 PM

Re: Covid-19 Pounds NY Real Estate

That city is going to have financial problems that FAR exceed any of its past.

In October 1975, NYC Mayor Abe Beame drafted a statement explaining why he was taking the city into bankruptcy. It said he needed the protection of the [more]

Thu Aug 20

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 4:48 PM

Re: BAM vs BPY

BAM is buying the units, not retiring them.
It's just a change of ownership of the same number of outstanding units, no?


No. The first sentence of the offer says units are to be tendered "for purchase and [more]

NL

Boards Post

ultimatespinach replied to the Brookfield Asset Management board. 2:53 PM

Re: BAM vs BPY

So, what do people figure the odds are of being able to buy BPY at prices under ~$12.30 in September?
I figure a little better than 50/50.


My guess is they're better than that, although a guess is all it is. Let's pretend [more]

Show More Activity ...

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 68874
Score 0.00
Score Change Today -29.76
Accuracy 0.00%
Active Picks 0
Total Picks 81
Best Pick MELI (+1481.43)
Worst Pick RIG (-233.35)
Average Score per Pick 17.25
Charms Earned 6
Highest Rated Favorite TMFOtter
Go to ultimatespinach’s CAPS page

Boards Stats & Trivia

Three stars, 500 posts Feste Award Nominee! Old School Fool Global Fool
Board Posts 982
Recs Received 13496
People who have rec'd these posts 2639
Recs to Posts Ratio (last 30 days) N/A
Threads Started 268
Threads Started Percentage 27.29 %
Most Frequent Board Berkshire Hathaway
Very First Post guest analyst recommendations (6/18/2004)
Percentage of Posts Rec'd 89.00 %
Show ultimatespinach’s 10 Latest Posts
The Motley Fool respects your privacy and strive to be transparent about our data collection practices. We use your information to customize the site for you, to contact you about your membership, provide you with promotional information, and in aggregate to help us better understand how the service is used. For more details, please review our Privacy Policy.