Here is one correction http://boards.fool.com/Message.asp?mid=2...

Or you could look here http://rbcpa.com/companies/BAM_notes.htm...

I apologize for my inadvertent and sloppy error. The following I hope is correct.

This was corrected on 10/22/09 as I inadvertently missed a 3 for 2 Stock Split on June 4, 2007.

Observations:

Greater maturities in 5 years. Greater Maturities to Capital. Increased Debt Levels. Lower coverage ratios. Greater Debt to Capital. Greater underfunded pension. Greater preferred stock. Share count has decreased. Revenues have increased 60%. Revenues Per Share have increased 67%. EPS has decreased 60% . Book Value has increased by 15%. Cash Flow per share has increased by 8%. Decrease in tax rate, which leads to higher NI. Yet, that could be a sign that higher NI is not sustainable. Negative Working Capital now. Lower returns on equity and capital. Higher ratio of Dividends to Profits. Increased Institutional Holders. Fitch IDR was BBB+ in 3/07, now BBB.

Data Gathered:


*******************Sept 2009******March 2007(12/06)Split
Price *****************22.54*********35.43
Total Debt************31,063*******22,808
Debt Due in 5 Years***17,500******* 2,308
Total Interest Expense*1,770*******1,100
Interest Coverage Ratio*1.1X*********2.0X
Debt to Capital********* 82%***********71%
Pension Assets***********983*********** 75
Pension Obligations****1,156***********100
Common Stock O/S******571.91********598.98
Preferred Stock********1,144***********689
Market Cap*************12.9B*********21.2B
AnnualRevenues*****11,000est*********6,897
EPS*********************0.75*******est1.90
Revs per share*********19.20******est11.51
Cash Flow Share********3.20est********2.95
Book Value per Share**10.40est********9.01
Operating Margin*****36.0% est*******54.8%
Depreciation*********1,400 est*********600
Net Profit*************430 est*******1,170
Tax Rate**********8.0% est***********24.2%
Working Capital(2,000) est***********1,500
Shareholder Equity**7,000 est********6,084
Return on Total Capital**3.5% est*****6.5%
Return on Share Equity***6.0% est****19.2%
Retained to Common Equity*2.5%est****17.2%
All Divs to Net Profit****69% est******21%
Analyst******************S. Abdou**S. Abdou
5 Year Price Projection High**50*********47
5 Year Price Projection Low***35*********33
Insttional Holders Shrs**318,487****312,020