Brookfield Infrastructure Partners (BIP.UN.TO)

Infrastructure spending will get stronger (ports, bridges). BIP Is like an ETF, given the businesses under its umbrella. The dividend will grow and falling rates will be a tailwind.

Hard assets like toll bridges, cell towers. Things that have long-term, stable cashflow streams. An industry that has a more leveraged balance sheet. Underperformed since rise in rates, as future cashflow is discounted at a higher rate, which decreases net present value and is reflected in the stock price. Hold. Solid. Attractive yield. Lower interest rates will be a tailwind.

Inexpensive valuation at 9x FFO. Unique operating capability, because affiliation with BN lets them do counter-cyclical acquisitions. Access to capital for acquisitions last year when times were tough, reap benefits for years to come. A must-hold for both income and growth investors, for a nice total return. Yield is 5.4%.

It has a big exposure to the utility space but also invests in essential infrastructure businesses. It is geographically diverse and has exposure to natural gas. It focuses on capital recycling - buying undervalued assets and selling them at a premium. She feels that they can continue with this and that there are an infinite number of targets to buy. There is leverage invloved for this but they have access to capital from the Brookfield parent company.           Buy 9  Hold 2  Sell 0

He bought this at the bottom of the pandemic, a great time to buy, and was fantastic for him. He sold it last July, because it got too expensive as interest rates rose. Then, the stock plunged 40%. It's trying to bounce back now.

Likes it long term. Unique collection of assets, as investors get exposure to private equity infrastructure through a public company. Yield is around 5%, which is increasing at 5% per year.

Beneficiary of a broadening rally. This name's been held back on liquidity concerns. Expects growth to accelerate Q4. Q3 was in line. Lower interest rates should be a tailwind. Likes the yield that continues to grow, nice 50% payout ratio. Models growth at 11%, trading 10.5x 2025. Downward effects of tax-loss selling should dissipate by mid-January. Yield is 5.1%.

Company under performance due to liquidity concerns. Expecting income to increase with new projects coming on. Low priced assets will be available for company. If interest rates stabilize, will be good for business. Current dividend yield very safe and attractive. Cash flow continues to grow. Will benefit from strength in economy as recession is avoided. Expecting pop in stock this January. Continues to own in portfolio. 

It's been a painful year, but it's a long-term hold. Infrastructure trends will remain positive. Has solid fundamentals globally and is starting to see a little pick-up in investor tone. He's been adding to this in the last 4 months. Is a positive story 5-10 years.

The parent, Brookfield, is buying back these shares, a good move. He owns both. They own various assets, but data centres offer the most sizzle. Shares are very depressed, pays a 5.7% yield well above the historic 5%, and trades at 8x funds flow from operation (12% historically). Are another victim of high interest rates. A recent short-seller report didn't hurt, but he read that and refutes it. Overall, still likes BIP.

A lot more debt and uncertainty, so you'll get a lot more volatility. Complicated structures. Instead, look to pipeline names for a higher dividend and maybe some rebound in capital appreciation.

It has pulled back with rising interest rates. It has a good yield and is now at an attractive price to start buying. Alternative assets will still be in demand. It is well managed and buys assets globally. The tail wind will  be dropping interest rates at some point.

Rising interest rates have negative impact on business. Number of projects involved in, have had cost overruns. Would prefer Brookfield parent. 

Two really well-run companies. 

BN is the parent company for all the subsidiaries. A wonderful compounder. Negative sentiment around real estate holdings, which are high quality and global. Capital allocation opportunities will benefit shareholders. Loves it, he'd buy right here.

For BIP.UN, a wonderful income opportunity. You get growth and income. He'd be a buyer of this one, too. Valuation discount to BN. 

Half the infrastructure stocks is that they run up a few years ago when investors felt that governments would offer incentives to build renewables. Expectations were high, not wrong, but these things take a long time. Prefers BN-T for its discount to NAV.