Last stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/chris-blumas-top-picks~2906539
Brookfield Infrastructure Partners L.P. (BIP.UN TSX) Brookfield Infrastructure Partners (BIP) is a global infrastructure company with a diversified portfolio of assets. It operates through the following segments: utilities, transport, midstream and data. The utilities and transport businesses are the most significant and accounted for around two-thirds of cash flows last year. BIP’s size, sponsor support, diversified operating model, and global platform are unique and allow the company to recycle capital opportunistically and grow cash flows at an above-average rate. The shares currently trade around eight times funds from operations and have a dividend yield of more than six percent.
TOP PICK
Brookfield Infrastructure Partners(BIP.UN-T)
18/04/2024
His pick for income-oriented investors. Wonderful dividend yield. Great company with Brookfield as its sponsor. Diversified platform instead of pure play. Probably best growth profile in its space. Global. Valuation 8x FFO, very low end of the range. Massive opportunity for growth. Yield is 6.2%.
(Analysts’ price target is $51.35)
Energy Infrastructure, Industrials & Utilities
Chris Blumas
$35.860
Owned