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Brookfield Renewable Partners L.P. (BEP.UN $43.10)
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Brookfield Infrastructure Partners L.P. (BIP.UN $48.91)
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Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $52.53)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $59.02)
Q: Could you comment on the recent weakness in these units/stock and whether or not any are nearing what you would consider good entry points?
Thanks
Thanks
5i Research Answer:
BEP.UN has been a strong performer this year as the company has been buying back units. The others have been mixed. BIP.UN looks fine. BAM has been hit with credit concerns but its decline is more sentiment than fundamentals. Growth looks good and it just increased its dividend. We would be fine owning any of these. Price suggestions: BAM $57.50; BIPC $51; BIP.UN $47; BEP.UN $42