Why We Recently Sold Brookfield Infrastructure Preferred [Seeking Alpha]
Brookfield Infrastructure Partners LP Limited Partnership Units (BIP)
Last brookfield infrastructure partners lp limited partnership units earnings: 2/10 06:44 am
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US:NYSE Investor Relations:
bip.brookfield.com/en
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Source: Seeking Alpha
We also share our view on BIP/BIPC common equity right now. Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More » Back on December 23, 2022, we purchased a large position in Brookfield Infrastructure Partners' ( NYSE: BIP NYSE: BIPC ) preferred units ( NYSE: BIP.PR.A ) at a price of $16.63 per unit. However, we recently sold our position at $18.70 per unit, locking in a nice 22.1% total return (17.3% annualized) including distributions and in this article, we detail why. BIP/BIPC Overview Last October, we bought the dip in BIP units when it was trading in the low $20s and have made a hefty profit off of it since then. Shortly after buying our position, we wrote a deep-dive piece that responded to some other criticisms that were being levied at BIP/BIPC at the time. In short, the criticisms we addressed were: BIP is way overvalued BIP is overpaying its distribution BIP is not ac
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BIP
News
- Intel needs $2 Billion for New Ireland fab — courting three venture capital firms for continued expansion [Yahoo! Finance]Yahoo! Finance
- Apollo, KKR, Stonepeak Weigh Investing Billions in Intel Chip JV [Yahoo! Finance]Yahoo! Finance
- Apollo, KKR, Stonepeak Weigh Investing Billions in Intel Chip JV [BNN Bloomberg (Canada)]BNN Bloomberg
- Are You Looking for a High-Growth Dividend Stock? [Yahoo! Finance]Yahoo! Finance
- Brookfield Infrastructure Partners L.P. (NYSE: BIP) had its price target lowered by analysts at Jefferies Financial Group Inc. from $37.00 to $34.00. They now have a "buy" rating on the stock.MarketBeat
BIP
Earnings
- 11/1/23 - In-Line
BIP
Sec Filings
- 4/16/24 - Form F-3
- 4/5/24 - Form F-3ASR
- 4/5/24 - Form 6-K
- BIP's page on the SEC website