Q: Hi 5i Guys
I've owned BIP/BIPC for several years and done well with it. But with all the new Brookfield offerings and re-structuring I don't know if it's still best for me. Looking for both Dividends and Growth and sticking with Brookfield, should I stay with BIP/BIPC or is there a better stock to purchase in the Brookfield family?
Thanks Ken
I've owned BIP/BIPC for several years and done well with it. But with all the new Brookfield offerings and re-structuring I don't know if it's still best for me. Looking for both Dividends and Growth and sticking with Brookfield, should I stay with BIP/BIPC or is there a better stock to purchase in the Brookfield family?
Thanks Ken
5i Research Answer:
We think BIPC is fine for a combination of income and growth. It is very cheap right now and recent earnings were solid. It has good leverage to the upside if rates pivot. We would be fine owning it. We think also a combination of BN (the parent company) and BIPC would work. BN is more 'growth' focused and we expect it to very actively deploy capital over the next two years.