Second stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/ryan-bushell-s-top-picks~2748726
Brookfield Infrastructure Partners (BIP.UN TSX)
Brookfield Infrastructure Partners has corrected recently along with the utility space, presumably in the face of higher interest rates. While the company has some utility-like assets, other businesses have positive correlations with inflation and interest rates and the Enercare business should be performing quite well with recent generous subsidies for home energy upgrades offered by the federal government. Additionally, the partnership units trade at around a 20 per cent discount to the corporate shares, a discount that can be fully taken advantage of by Canadian investors with registered accounts. A 4.79 per cent yield is as high as it has been in the last five years with the exception of March 2020.
TOP PICK
Brookfield Infrastructure Partners (BIP.UN-T)
18/08/2023
Excellent long term prospects.
Recent selloff in share price due to rising interest rates.
Fundamentally strong business.
80% + of cash flow protected from inflation.
HVAC business unit will benefit from Federal Government subsidies.
Mngmnt / Diversified
Ryan Bushell
$43.32
Owned