Brookfield Infrastructure Partners (BIP.UN.TO)

He owns the holding company instead. A great company, well managed. BIP is not meant to be a capital appreciator and will trade within the $25 range. But own this for a stable, tax-advanted cash flow through its safe, sustainable dividend of 5%.

(Past Top Pick Aug. 9, 2018, Down 1%) He likes all Brookfield stocks. This is a good way to play infrastructure despite BIP having ups and downs. A lot of infrastructure plays are simply buying things like airports as opposed to building them. Otherwise, it takes time and involves politics to build an infrastructure project. BIP makes smart investments.

Capital deployment accelerating over next 12 months. A 66% 2019 payout ratio, with 7% annual distribution growth. Making acquisitions. Cashflows are diversified, which provide natural currency hedges. Reasonable balance sheet. One of the best parts of the satellites. Great place to make money over the next 12-24 month. Yield is 4.7%. (Analysts’ price target is $59.30.)

(A Top Pick July 19/17 - Up 4%.) Far more sensitive to interest rates. Still like it. Thinks infrastructure is going to be emphasize over the next decades. Well managed.

The company just purchased Enercare – another holding he had doubled his holding in. This company represent regulated cash flow, good dividend growth and yield with good long term assets. Yield 5%. (Analysts’ price target is $59.38)

You have the option on Enercare to take the cash or a tracking stock on Brookfield. He prefers cash and then one should buy into BIP.UN-T if you want to, later. He doesn't recommend BIP.UN-T because it is expensive and missed on recent quarters. It comes down to a tax situation.

Been slumping lately, but a great company with a fine track record. The emerging markets, where their investments are, are pressuring this stock. The Enercare purchase is good. Stick with it.

This offers international exposure to infrastructure assets. Brookfield buys the assets and offers a high yield that arises out of the income stream that it receives from them..

They are buying toll roads and water pipelines. Long life cycles. Provide income back to the overall company. It is a US$ dividend. (Analysts’ target: $59.29).

Anything with Brookfield has a premium attached to it. They have executed well. He prefers the asset management side of it because it is global but does not own either.