Brookfield Infrastructure Partners (BIP.UN.TO)

Growing the company, acquiring a lot of good things for the long haul. Good time to buy because it is going sideways. Would bet on Brookfield family of companies against Berkshire Hathaway over the next 10 years. Yield is 4.6%. (Analysts’ price target is $59.62.)

Have to give a lot of credit to the whole Brookfield Group. They have been very good at opportunistically buying infrastructure assets. For long term capital appreciation, the parent company is better.

Pays a 5% dividend in US. They own infrastructure assets in UK and Australia and other parts of the world. Toll roads, processing facilities. They do a good job at harvesting their assets and buying cheap assets. Good hold for the long haul. (Analysts’ price target is $58.21)

If you are in it for the long term, this is a well management company. They have good diversification in several markets. A good buy trading at a fair valuation at the moment. He has a small exposure to it and will continue to hold it.

He likes the company and what they do. The concept is good and Management team quite capable. He believes the infrastructure side is going to do well.

Interest sensitivity is playing against the name. Summer is the time to buy into this stock but the technical don’t look good. He would stay away from it.

Their yield will always be compared to the risk-free rate of return as it goes up. You may want to reduce exposure. He prefers BAM.A-T because it is more diversified and have a stronger balance sheet. They raise money, deploy it and then move to exit. They are now in the acquisition phase. You may need to have a lot of patience. BAM.A-T is less interest sensitive.

They are approaching fair valuation. They are well positioned globally. He has not quite made up his mind to pull the trigger.

Decent yield. Dividend will rise. Not your typical infrastructure company--they make roads and ports all outside Canada. It got overvalued, and are getting hurt with rising interest rates.

(A Top Pick March 30/17, Up 5%) Still likes it. It came off recently because of a dividend cut because another company in the same space also cut their dividend. Perhaps they did this out of sympathy, but certainly didn't reflect their own business. It's a yield stock which have all come down recently.

Their business model is investing in assets, building it, then selling it. Just increased their dividend. A global company with assets in Brazil and Asia, like a pipeline with many assets within it. A defensive, long-term stock. (Analysts' price target is $58.79.)

Sensitive to interest rates. Big projects with a lot of debts associated to them become less attractive when rates go up. Probably one of Canada’s best ran companies. He wouldn’t bet against it.

Really appreciate the way they go about their business. They own great returns and have been great capital allocators. They typically find great opportunities when they find distressed sellers or unique assets to buy. Sold out their holding in the last month or so given the valuation they’ve seen. As had a great run and doubled in the last number of years. (Analysts’ price target $46.64.)

Brookfield does a great job of buying and selling things, and actively managing an infrastructure portfolio. He likes it. Right now, this is slightly expensive, based on its cash flows. Prefers Brookfield Business Partners (BBU.UN-T), a pure private equity group with a $2 billion market cap.

A very solid investment. They’ve done a great job.