Post by
retiredcf on Apr 23, 2023 1:30pm
Another View of Triton Deal
BIP likes assets that produce consistent cash flow, and Triton fits the bill. With the supply chain crisis, Triton added a million containers during the pandemic, and locked in high rates. Its average lease term is 13 years. Triton also refinanced debt when rates were very low. Valuation looks OK, and considering the stock portion of the deal the market has absorbed the deal well. It also further diversified BIP's asset portfolio. We think it is a good deal. (5iResearch)