If Kohl's Agrees To Be Sold, Simon Property & Brookfield Are Logical Buyers [Seeking Alpha]
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
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Source: Seeking Alpha
Vincent Besnault/DigitalVision via Getty ImagesI have written up Kohl's (NYSE:KSSBarbarians At The Gateof $51, but I later sold my shares at $63, on March 17, 2022, around $63 per share. The reason for selling was that interested bidders only appeared willing to pay no more than $68 to $69 per share. Secondly, after synthesizing multiple media reports and a few public communications from Kohl's management team, it was equally clear that management didn't really want to sell as they felt the business was worth at least $75 per share. Thirdly, on March 21, 2022, I realized that this was a smart sale, at least from a risk/reward standpoint, by selling at $63, when Kohl's issued this press release:Kohl's IRAs you can clearly see above, if you think about subtext, management appeared to be throwing cold water on a buyout. The sentence below was my cue for the subtext.The proposals received are non-binding and without committed financing.Fast forward to the present day and this morning, in
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- Brookfield Asset Management Ltd. Sets First Quarter 2024 Results Conference CallGlobeNewswire
- Brookfield Announces a Strategic Partnership with Soundcore Capital Partners and Heartland Paving PartnersPR Newswire
- Brookfield Asset Management Completes Annual Filings and Announces Management ChangesGlobeNewswire
- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at Scotiabank from $46.50 to $47.00. They now have an "outperform" rating on the stock.MarketBeat
- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at BMO Capital Markets from $34.00 to $36.00. They now have a "market perform" rating on the stock.MarketBeat