Q: Hi Folks,
Given the strong involvement and capital investment by Brookfield in these two companies do you think there is a good growth play here respecting they are different?
Would you consider RGSI and BE a buy today for a 3-5 year hold?
Thanks so incredibly much for your insight!
Given the strong involvement and capital investment by Brookfield in these two companies do you think there is a good growth play here respecting they are different?
Would you consider RGSI and BE a buy today for a 3-5 year hold?
Thanks so incredibly much for your insight!
5i Research Answer:
We have some Rockpoint comments posted on Thursday. It looks fine, but it is early in its public history of course. But with its parent company shepherding it, it is poised to do well, we think. BE's news this week was significant. Momentum of course is incredible, and EPS is expected to more than double next year. We think it will do well, as long as the sector holds up. We could see BE as a speculative buy, but stress the sector needs to remain bouyant. With its giant gains, investors will be very quick to take profits on any sign of a slowdown. RGSI we think is fine, but as noted we think investors can let the price settle in for a while.