Brookfield Infrastructure Partners (BIP.UN.TO)

Global utility/infrastructure name. Have assets in North America, South America, Europe and Asia. Also, into rail, storage and an Australian terminal. He sees them taking assets out of low single digit ROE investments and putting them into mid-teen ROE assets. Has delivered a 20% compound annual return over the last 5 years and grown its distribution by over 7% a year for the last 3 years. 4.67% yield.

(Market Call Minute.) Infrastructure is something that he likes as a long-term play. This one has done a great job.

(A Top Pick Jan 29/13. Up 5.9%.) 4.6% dividend.

Top quality, hard asset infrastructure. Ports and rail lines in Australia and North America. A good play if GDP grows or inflation comes into play. A core holding for the long term. Contract revenues. Dividends will grow over time.

Long-term trend has been up and it looks like it is possibly breaking the trend line. Got a little oversold. He hasn’t sold his holdings yet.

Water system in US is 100 years old. Governments are strapped. Not a lot of free money around to be invested. Likes the sector overall. Prefers ZGI from BMO infrastructure ETF. Wait for a market pullback in the summer.

Thinks at this stage in the business cycle, where the economy is going to be a surprise to the upside, you should be fine with this.

Consistantly increased their dividend. Good managment. Just made some additional acquisitions which will go right to the bottom line.

Likes the 4.5% yield and likes what they are doing. They are more on the infrastructure side, but they are working globally. Have been doing some work in Latin America.

(A Top Pick Jan 29/13. Up 5.79%.) Continues to like this. Had a 15% distribution increase in January and he is looking for further increases over the next 3 years. 85% of their cash flow is basically covered by Take or Pay contracts.

A bit of a conglomerate within a conglomerate, holding rail, coal and ports. Likes their ability to go out and secure long-tail infrastructure projects in a number of geographies in a number of different sectors. Would like to see a pullback to $36-$37 so he could add a little bit more. Pretty much fairly valued at this price.

Well managed company. Has had a great run.

Sees strong and very predictable EBITDA growth over the next 3 years. About 85% of it is covered by either regulatory businesses or long-term “take-or-pay” contracts. Thinks the cash flow will grow 50% from 2012-2015. Yield of 4.04%. One-year target of $44.

Good long-term core holding? This is probably a good one for a long-term holding. He doesn’t own any of the Brookfield group. Part of the reason for this is the lack of transparency because of the movement of all their companies.

Are able to accumulate good quality assets. They are an inflation hedge. Every year they raise their prices and pass on to investors. Raise dividend almost every year.