Kaminsky's Call: This Global Asset Company is Potentially Lucrative
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.
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