There are headline makers that we see a lot on the TSX today. Companies that we’re all familiar with and see discussed over and over again. But what about the other ones — those that are climbing higher and higher without the recognition?
Once such stock is Brookfield Business Partners (TSX:BBU.UN). This company has been quietly crushing it on the TSX today, with shares up a whopping 71% since hitting 52-week lows. So, what’s been going on with this stock, and do investors have it right?
Recent earnings
BBU stock recently reported earnings that were quite strong for 2023. The company saw net income increase significantly year over year to $1.4 billion from just $98 million the year before! BBU stock said this was from a strong business performance as well as capital-recycling initiatives, with all three operating segments increasing.
Business grew the most, reaching $900 million in adjusted earnings before interest, taxes,…
