Q: Do you think it will take a rest for a while with the chart going up on the angle it has or
has it more to go?
has it more to go?
5i Research Answer:
Predictive questions are always tough. After a 39% YTD gain, a pause would not surprise us much. Yesterday BN/BAM announced a re-organization to clean up its corporate structure bit. This will have no immediate impact on shareholders directly but will allow BN to better reflect the value of its holdings in BAM, and shareholders will be better able to see BAM's impact to BN. BAM also announced it will be looking to move its head office to New York. This will, potentially, allow it to be included in more stock indices and owned by more investors. This will need shareholder approval (meeting Dec 20). With these moves, we would still consider it very attractive.