Bill Harris, CFABrookfield Infrastructure LPBIPCOMMENTAug 28, 2020
They own Brookfield Infrastructure. The infrastructure stock has better valuation than the renewable energy fund. Brookfield renewable also faces too much money going into the sector.
Direct infrastructure assets. Inflation linked income. Counter cyclical business. Would be good for the long term investor. Seeing ~8% growth. Will continue to own shares.
Owns shares in company. Hard time with rising interest rates. Current share price a good place to buy. Assets hard to replicate. Attractive growth targets. Will continue to own. Great for long term investors.
Loves the infrastructure space, long-lived assets. Recycles capital extremely well, particularly into data centres. Still one of the largest positions in his US dividend portfolio. Higher rates have impacted the multiple, so a good time to buy. He's adding.
Current share price presenting good buying opportunity. Last quarter performed very well. Dividend distributions growing strong. Current share price presenting good buying opportunity. Inflation linked dividend.
Excellent company with strong balance sheet.
Over time will be a good investment.
Depends on tax reasons whether you want to own LP company (sometimes tax benefits).
So many tailwinds. If you're driving through a recession, you want this management team driving that car. Mission-critical assets, with a lot of inflation protection built in. Cashflow grows during times like this. Dividend growing. Yield is 3.98%. (Analysts’ price target is $44.71)
Company setup to access USA fund flows.
Believes is a good way to be exposed to infrastructure.
Company has been effective in M&A.
Revenues are robust in inflationary times.
Likes company and would recommend buying.
The group as a whole have done well. There’s a few stocks that have done well, but there has been some profit taking recently. This security will bounce back up. The infrastructure sector continues to grow. A good long term investment with growth potential.
It is run by some really bright people. It is a global infrastructure company. It might find its way into his fund. They have been very astute acquirers of assets.
(A Top Pick Sep 28/18, Up 29%) They just beat Q2 again. It’s still reasonably priced, even if they are near their high. A nice offensive and defensive name that has a good market backdrop.
Likes that they’re recycling capital and getting higher returns. Likes investment in Brazil which is investment friendly, and a good dividend. Yield is 4.8%. (Analysts’ price target is $60.37)
They own Brookfield Infrastructure. The infrastructure stock has better valuation than the renewable energy fund. Brookfield renewable also faces too much money going into the sector.