TSX:BPO.P.A - Post by User
Post by
Carenaon Nov 02, 2023 7:12pm
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Post# 35714821
BIP
BIPHi there,
A very nice rebound in the BPY and BPO prefs this week. Is it a bottom or a bounce?
For me, the best news of this week was the market response to BIP's results and its Cyxtera acquisition. I think the key for us BPY/BPO investors is Brookfield's 'ability' to deal with its issues in BPY....and this is contingent on how all their other main subs manage through this difficult higher interest rate environment (ie BIP BEP and BBU). The facts are, Brookfield is a wonderfully diversified conglomerate, but all their main businesses are extremely senstive to interest rates (ie higher interest costs and lower asset valuations).
The share prices in these subs have been throttled this year and BIP's 3rd quarter shareholder letter the other day was exceptional and I wish Sam Pollock was running BPY! BIP is up almost 20% this week.
Tomorrow, BEP and BBU report results....I am hoping for more of the same!
All the best,
Carena