Second stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/james-telfser-s-top-picks~2535730
Brookfield Infrastructure (BIP NYSE)
The management team at Brookfield Infrastructure Partners (BIP) is some of the best capital allocators that we have come across. The portfolio of assets at BIP is built for the type of macro environment we are currently in, given that many of the risks in the market revolve around inflation, volatility in commodity prices and supply chain bottlenecks. To hedge against inflation, 70 per cent of BIP’s revenues are indexed to local inflation. In response to commodity prices, the company purchased several midstream oil and gas assets in the U.S. in 2018, and while 80 per cent of these assets are price agnostic, 20 per cent are market sensitive. Finally, logistics infrastructure worldwide is under stress which puts a spotlight on its essential nature. When demand for infrastructure is high, BIP realizes higher tariffs and customers compete for whatever space and storage is available. The company is consistently growing FFO, pays a significant and growing dividend (~3.9 per cent yield) and trades at a sizeable discount to historical multiples.
TOP PICK
Brookfield Infrastructure LP(BIP-N)
04/10/2022 at 08:00pm
So many tailwinds. If you're driving through a recession, you want this management team to be 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)
MNGMNT / DIVERSIFIED
James Telfser
$36.650
Owned