Stock price when the opinion was issued
The closer you are to the top of the house in the Brookfield framework, the closer you are to the CEO and the Board, and the incentive structures tend to favour them. Doesn't have the great yield, but has upside. BAM offers you the yield and, broadly speaking, growth aspects. He'd encourage you to stay near the top of the house, depending on how much yield you need for your life circumstances.
For BIP.UN, it's not really whether Mark Carney got elected or not, or tariffs, because it's a global business. Infrastructure, toll roads, coal, etc. Very diversified.
This is today's pick for income investors. Very inexpensive valuation, less than 10x FFO. Very strong dividend yield. Global platform, diversified infrastructure footprint -- rail, storage, utilities, data, energy, midstream infrastructure. Opportunity for significant earnings growth over the medium term, plus opportunity for significant multiple expansion. Cashflow is great.
May have been suppressed because of sluggish deal activity, but that's starting to pick up. Yield is 5.35%.
Great area to be in. Executed on everything, but not everything in the stock market always goes up the way you want. Last 12 months has seen a lot of success buying assets at good prices and monetizing old assets. Trades at 10x AFFO, same as last year. Growing at 17% for 2025-2027.
Upside + safety + good valuation + nice dividend + going up 5-10% each year = a TSX stock to put your $$ in.
Infrastructure is a great asset class. Brookfield is world-class, great at being value investors. A lot of the return tends to come from yield as opposed to growth. Good income generator with good underlying assets. For the long term.