Brookfield Infrastructure Partners

BIP.UN-T

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.

A great chart with a strong run since January. You can nibble away now and add exposure as it rises.

(A Top Pick May 31/18, Up 18%) Has done well. Very well run, attractive dividend. Turning portfolio over nicely. Very attractive compared to interest rate returns.

Steady eddy. Modeling 13% AFFO growth. 79% payout ratio. Trading at a reasonable multiple of 13 times 2020. Dividend yield of 4.78%. (Analysts’ price target is $60.12)

He's a big fan of Brookfield. BIP.UN is a little more volatile, but it's international in scope. BIP.UN is good getting into early stages and going from there. He's more positive about international economies for the second half of 2019, which is the right environment for infrastructure.

BPY.UN vs BIP.UN? BPY.UN is highly rated and earnings estimates have been rising with a yield 6.2% with a 50% payout ratio. BIP-UN has a lower ranking in his system with a 4.9% and a payout around 50%. Earnings growth has been revised down lately. Both are huge an have access to credit if needed. He would prefer BPY-UN.

A good, long-term income stock that pays around 5% in yield. They build a variety of infrastructure globally, hard assets that generate a stable stream of cash.