Under-the-radar spinoff is set to soar

Article Excerpt

Trisura is a good example of the third part of our three-prong approach to investing—downplay stocks in the media/broker limelight (the other two parts, of course, are invest in well-established companies; and spread your money across most if not all of the five main economic sectors). On June 22, 2017, Brookfield Asset Management Inc. ( Toronto symbol BAM.A) spun off its little-known insurance company as Trisura Group. Investors received one Trisura share for every 170 Brookfield shares they held. Trisura stayed in a narrow range of between $25 and $20 until late 2019. That’s when it shot up to $48 in February 2020 on the success of its U.S. expansion. The stock fell to $41 as a result of the COVID-19 pandemic, but has since soared to a new all-time high of $58 in June. Even so, we feel the stock will go even higher for you. TRISURA GROUP LTD. $58 is a buy for aggressive investors. The company (Toronto symbol TSU; Finance Sector; Shares…