Brookfield Infrastructure Partners (NYSE:BIP)
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Brookfield Infrastructure Partners owns and operates electricity transmission systems, social infrastructure, and timberlands.
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Brookfield Infrastructure Partners owns and operates electricity transmission systems, social infrastructure, and timberlands.
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This company is a huge infrastructure international dividend play. During the recent market volitility, this stock sat nearly flat. Yes, there were some moves, but I was actually watching it to open a position and it seemed to be a strong contrarian play during the mini crisis. I actually think the absence of volitility in this stock during those tumultuous times in the recent past are an indicatiion of the power of their tangible assets and there ability to buy new businesses and expand their portfolio in the future. When I talk about tangible assets I am talking about power distribution lines, railroads, and sea ports. This is not a small business. The dividend is a nice place to start and their ability to acquire additional assests at reduced prices is a catalyst for share appreciation, though I would not mind gaining more shares through dividend reinvestment in the short term.
Good analysis. I agree about BIP - I discovered this one last year and was annoyed with myself for missing it when it was well below $20. I bought at $22. But that might not matter very much as we will likely look back on the days when it was selling at $26 with nostalgia.
I am also impressed by the stability. Today the markets plunged (again) and this is the only one on my watch list that remained in the green. The dividend keeps going up and they are set to benefit from economic growth in Australia, Brazil. Chile, NZ and Canada. It is still a well-kept secret for most investors.
Could not agree with you more....all the austerity measures happening in Europe, the entire island of Greece for sale, and countless cities in the US trying to stave off bankruptcy....I can't wait to see what type of infrastructure gems they pick up at garage sale prices.