Q: What is happening with BBUC. I thought it was supposed to be one of my steady stocks, but it has been a dog. Is it time to pull the plug and move on?
5i Research Answer:
BBUC's small size, as well as high interest rates, have held back investor interest. Occasional losses have not helped, either. But that is the nature of its business: earnings will vary with monetization of its assets. In 2023 it made $1.4B. We would consider it a HOLD, based on the interest rate forecast and the assets it currently owns. But we would not consider it a must-own stock, and it is certainly one that will continue to require a lot of patience, and it is not for everyone, certainly.