Governments all over the world have been divesting assets like these power stations, so Cramer could easily see Brookfield scooping them up, one plant at a time, to become a global powerhouse.
Eighty percent of the power is contracted, too, which means Brookfield already locked in its customers at a good price. If those prices sink, the business should be protected.
And Brookfield’s a ROWer. The Canadian company has plants in the U.S., Brazil and its home base. It also put in a bid for Australian commercial property owner Multiplex.
Thirty percent of Multiplex’s business is in Dubai, which Cramer loves. But even better is the company’s development, construction and management business, he says. It has 47 projects going right now.
Brookfield has a history of consistency. It’s a good earner. It has great assets in property and power, and it’s growing worldwide.
Oh, and the stock pulled back hard recently, leaving investors the perfect entry point to buy in.
Bottom Line: Could BAM become a more international version of Berkshire Hathaway ? Cramer’s betting on it.
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