Just caught something interesting about Brookfield Business Partners (BBU) - CIBC dropped coverage on it back in late February with an Outperformer rating, but here's the thing: analysts are actually calling for 33% downside from where it was trading. The average price target sits around $22.75 while the stock was at $34.08 at that time. Pretty wild gap there.

What caught my eye was the institutional activity. There are 65 funds holding positions in this limited partnership, though that's down 3 from last quarter. Royal Bank of Canada actually trimmed their stake pretty aggressively - cut it by over 16% and reduced their whole BBU allocation by nearly 89%. Meanwhile, Brookfield Asset Management is sitting on almost 50% of the company with no changes, and OMERS holds another 13.5%.

The revenue projections look rough too - expecting a 53% drop year-over-year to around 12.7 billion. Put/call ratio is at 0.89 though, which suggests some bullish positioning still in the options market. Interesting disconnect between what the analysts are saying and what the options traders seem to be betting on with this limited partnership structure.