Brookfield Business Partners LP (BBU.UN-T)

Chart is breaking into new lows. Avoid. You could take a position if it crosses above the 50-day MA, but not before.

Valuation is attractive. Stable and steady business, defensive. Global platform for growth. Good for someone with a lower risk tolerance. BBU.UN will do well, but it's lumpy.

BBU.UN's Adjusted 2022 EBITDA increased by 3% to a record $2.3 billion and Adjusted Free Cash Flow increased to a record $3.40 per unit. 
EBITDA across operating segments including Business Services, Infrastructure, and Industrials improved compared to 2021. 
BBU.UN is now trading at 8x times annualized EBITDA. 
Weaker capital markets are a possible short-term headwind for the company, as it is harder for the company to recycle capital into new deals. 
BBU has been repurchasing shares over the last twelve months, indicating management believes shares are undervalued. The balance sheet is quite leveraged, with total borrowings of $15.1B. 
Total debt is around 6.5x times the trailing twelve-month EBITDA of $2.3B. Based on consensus estimates, BBU.UN business performance is expected to improve in the near future as capital market conditions improve. 
Overall, we think these prices offer an attractive entry point for BBU.UN, provided that investors are comfortable with the leveraged balance sheet.
Unlock Premium - Try 5i Free

It is an amazing company. He cycled out of BAM.A-T to focus on BBU.UN-T. He was blown away in September about how they have built out their infrastructure.