Brookfield Infrastructure Partners

BIP.UN-T

(A Top Pick Sep 26/18, Up 28%) He inherited it from Enercare. He started purchasing the shares in September. They have a unique group of assets. You can't replicate the assets on the infrastructure side. It is pretty rich but you can’t beat it. Buy it on weakness. We have seen a flock back to these infrastructure assets this year.

(A Top Pick Oct 31/18, Up 35%) Continues to buy. They buy one of a kind, unique assets that have price escalators and inflation protection. Over 4% yield. Beware that tax paperwork is a bit of a nightmare at the end of the year, but it's worth it.

A big holding of his and he really likes it. This does very well during low interest rates. Loves the managers. They have big pipeline of projects with a big growth opportunity in India. Careful though if interest rates rise.

(A Top Pick Sep 28/18, Up 18%) Governments need to invest in infrastructure. You can play offence and defence with this. They just beat their Q2. They can grow their AFFO by 16%. Good business model.

Balance sheet moving sideways. Trading above its FMV, so not a lot of oomph in the stock. Could get to $62, but that's it. Decent, but not great, dividend and balance sheet.

Growing earnings and dividend. Reasonable valuation. There's a need for global infrastructure. Great combination of growth, capital appreciation, and distribution growth. Rarely pulls back, so just buy it.

Good for slowing economic growth? He owns this. This is a good as it diversifies away from real estate. He has a hard time buying at these valuations. He likes the assets like toll roads. He would buy back into the low $50s. Yield is close to 5% and the dividend grows by 5% each year. (Analysts’ price target is $61.00)

Big fan of Brookfield. BIP invests across the world. Long-term cash producing investments. Chart's done well, and will continue. Yield is 4.8%.

They have assets around the world. Anything that can generate stable cash flow. They sometimes buy assets with operational issues. They have a history of raising the dividend and the caller should hold on it it.

Recession-proof. It's priced fairly and pays a growing dividend. Various projects on four continents drive growth. He sees 15% EPS growth. It's not cheap at 13x, but the dividend will continue to grow. Buy on pullbacks. (Analysts’ price target is $60.65)

(A Top Pick Mar 06/19, Up 7%) He likes the Brookfield family. Brookfield takes care of funding, having investors for global investments. He likes that they're investing in India infrastructure. They can go anywhere in the world and buy strategic assets like water treatment and transmission lines is unparalleled. It continues to do well. Good managers.

Just below the asset management level. Big infrastructure projects are their specialty and they have projects outside North America. The payout ratio is about 70%. The are good at building up projects and selling portions to cover their capital profitably. Yield 4.9% (Analysts’ price target is $60.72)

Stock's been on fire. Relative to the sector it trades in, ahead of the pack. Good dividend yield. Great company, but overvalued right now. If there's a rally in the bond market, these stocks will do well. But if there's a reversal, which he thinks there will be, he doesn't want to be in an interest sensitive.

You must own a Brookfield stock in you invest in Canada. They raise the dividend every year. They sell expensive assets and buy better ones, including Enercare last year as well as midstream Alberta assets. That said, he prefers the parent for better growth. BIP is a great income stock though.