Disclaimer: Neither the title of this post nor anything contained in this post or commented by me in this post is investment advice. This post is not a promise about future performance. I am sharing a personal opinion and a personal investment strategy. Do your own due diligence and make your own investment decisions.
I was reading the below article, and decided to give Brookfield Infrastrucure Partners a second look:
https://www.fool.com/investing/2024/03/24/a-once-in-a-generation-investment-opportunity-1-ai/
Some things I like:
Based on the current shareprice, dividend of 5.19%
Trading around the low end of its 52-week average
AI datacenter play
24.29% YoY revenue growth in 2023
Free Cash Flow of $1.75 billion
67% institutional ownership
$38 – 40 target price
For those in the sub following $BIP, curious to hear your takes, whether for the Bull or Bear case.
Currently hold 114 shares at an average cost of $30.53 a share. Seems to be finally trending back up over the past month, and seems poised to break the 6 month resistance level that's around $32.
