Kaminsky's Call: This Global Asset Company is Potentially Lucrative
Morgan Stanley, Vice Chairman
It's time for another addition to the "one-decision stock club." For those unfamiliar with this group, these are stocks that you buy and don't think about selling for a long, long time. These opportunities are rare, especially in today's uncertain markets.
Club member Expeditors International of Washington posted record earnings yesterday. Led by the innovative Peter Rose, this member of The Strategy Session's "One-Decision Club," earned its standing with flying colors.
My "Call-to-Action" today is to nominate another potential winner in Brookfield Asset Management. Think of this as one you could own for years, and here's why.
Like (EXPD) and other "one-decision stocks," management is exemplary. Led by J.Bruce Flatt, the Toronto-based global asset management company applies its vision in various mass markets.
Brookfield has taken every opportunity to expand its hydroelectric and wind-energy facilities to different corners of the world. Beyond its successful grip on North America, Brookfield also boasts commercial and retail properties in Australia, Europe and Brazil. China has also become a focal point, a potentially lucrative endeavor for its utility and energy operations.
What I like so much about (BAM) is its diversity of holdings. Property, power, and timber are its main houses for allocated capital and the company has managed in this tough economic climate to consistently beat the technicals with its strong fundamentals. In amassing billions in institutional funds, Brookfield has the backing to continue expanding.
In times of uncertainty, the likelihood of finding one-decision stocks is increasingly rare, but consider Brookfield Asset Management. You may find the biggest quandary is determining when to sell.
More of Kaminsky's One-Decision Stock Club Picks:
- Kaminsky's Call: Clorox is Strong and Steady Stock
- Kaminisky's Call: Long-Term Air and Freight Carrier
Programming note: "The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.
Gary Kaminsky does not hold any equity positions.
The content of this blog is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.
All opinions expressed in this blog are solely the opinions of Gary Kaminsky and do not reflect the opinions of CNBC, NBC UNIVERSAL or their parent company or affiliates, and may have been previously disseminated on television, radio, internet or another medium. You should not treat any opinion expressed by Mr. Kaminsky as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Mr. Kaminsky’s opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Kaminsky, CNBC, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Mr. Kaminsky’s statements and opinions are subject to change without notice. No part of Mr. Kaminsky’s compensation from CNBC is related to the specific opinions he expresses.
Past performance is not indicative of future results. Neither Mr. Kaminsky nor CNBC guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or on the show. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website or on the show may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this website or on the show. Before acting on information on this website or on the show, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.