3 Reasons to Buy Brookfield Asset Management Inc.: (TSX: BAM.A)(NYSE: BAM)

Brookfield Asset Management Inc. (TSX: BAM.A)(NYSE: BAM) is a management company based in Toronto that operates a portfolio of assets around the world. The company takes investor money, buys up companies, and then further grows the business.
For example, one of Brookfield’s companies, Brookfield Property Partners L.P. (TSX: BPY.UN)(NYSE: BPY) recently bid $110 for the Atlantic City casino and hotel, Revel. And it won the bid.
That’s just one of the many companies that Brookfield owns. And that’s what makes it such a fantastic buy.
1. Brookfield is very diversified
Brookfield has over $175 billion under management. And that’s in sectors such as renewable energy, construction, and property ownership. It owns massive acreage of timberlands and operates the entire paper production process.
What this means is that it is tremendously diversified. If the casino business were to suffer, a casino holding company would be hurt. But Brookfield could handle those struggles because it is also in many other companies. (more)

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