NYSE:BIP - Post Discussion
Post by
retiredcf on Nov 04, 2023 6:13am
Weekly Stars & Dogs
Brookfield Infrastructure Partners LP (STAR) With short selling, it’s important to get the timing right. On Oct. 23, Dalrymple Finance published a critical report on Brookfield Infrastructure, alleging the limited partnership “has an unsustainable business model,” employs “aggressive accounting” and publishes “inflated cashflows and asset values” that don’t cover its distribution. Anyone who piggybacked on Dalrymple’s short trade, however, would likely be regretting it. Since the report was released, BIP’s units have gained about 16 per cent, as its solid third-quarter results and reassuring comments from management appear to have put a floor under the units. That’s why you don’t fool around with short selling, boys and girls.
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