3 Recent Buys – BAM, FB, MSFT

BuySell

A quick update on a couple of recent buys in the portfolio.

  • First purchase: I added to my position in Brookfield Asset Management (BAM.A.TO) @ CAD$44.00 with the recent weakness in stock price. There are still a lot of overhanging questions on the impact of BPY (Brookfield Real Estate subsidiary) on the parent company and how the commercial real estate market will play out, but I decided to incrementally add to my position here.
  • Second purchase: I added to my position in Facebook Inc (FB) @ $209.70. The recent backlash against FB from companies to pull ads was a good buying opportunity imo. Some of these companies have stated that this is a pause for just one month, while others have left it open-ended. Regardless, the revenue source is diversified with third party analytics showing that FB’s top 10 advertisers make only 1.5% of total revenue.
  • Third purchase: I continued building on my new position of Microsoft Corp (MSFT) @ $193.50. Recently I decided to go up the risk curve a bit and sold off most of my bond allocation & decided moving those funds to one of the two AAA rated companies with a long road of growth ahead. I am close to a full position now, but may add more in the future as my overall portfolio grows and sizing automatically changes.

Full Disclosure: Long BAM.A.TO, FB, MSFT. Our full list of holdings is available here.

2 thoughts on “3 Recent Buys – BAM, FB, MSFT

  1. Though not on my list, FB was a smart pick up. I agree that the recent news really dragged the stock down as headlines always shake up any stock but when you look deeper you see that the drop was overblown as you highlight the top advertisers only account for 1.5% of total revenue. Nice potential swing trade.

    • Yeah seems like it was overblown, although its worth keeping on how things work out over the long run. Looks like I managed to pick those shares up at a good price…stocks already recovered back to levels from last week.

      cheers
      R2R

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