Top PickLast stock in the clip; he and his family also own the stock personally. These are USD targets. GLTA
https://www.bnnbloomberg.ca/video/shows/market-call/2024/08/12/alexander-macdonalds-top-picks-mcdonalds-walt-disney-and-brookfield-infrastructure-partners/
Brookfield Infrastructure Partners (BIP NYSE)
The company is an owner and operator of critical infrastructure such as ports, pipelines, and data centres. It currently has an impressive backlog of $7.7 billion in capital projects, which is up 15 per cent year-over-year, providing strong visibility about where future organic growth will come from. Management has a strong track record of recycling capital, being disciplined with both asset purchases and sales as valuations permit. It targets returns in the 12-15 per cent range, but recent transactions have been upwards of 15-20 per cent. With a yield over five per cent, we believe this is one of the more attractive income stocks in our portfolio.
TOP PICK
Brookfield Infrastructure LP(BIP-N)
12/08/2024
It is in their income portfolio. Data Centre future projects are up 15% a year and it has been successful at raising capital over the long term. The infrastructure business is a big growth area for them and lower interest rates are good for accelerating this type of project. The long term target ROC is 12 to 15% but lately it has been exceeding that with a 15 to 18% ROC. Pays a 5.5% dividend. Buy 10 Hold 2 Sell 0
(Analysts’ price target is $38.08)
Mngmnt / Diversified
Alexander MacDonald
$29.980
Owned