CA - Brookfield Infrastructure: Dirt Cheap And Fast-Growing Infrastructure Play (Rating Upgrade)

2024-04-04 08:30:00 ET

Summary

• Brookfield Infrastructure units have underperformed the S&P 500 since my caution in December 2023.
• However, the market has not fully appreciated the growth potential of Brookfield Infrastructure's high-quality portfolio.
• The recent pullback in BIP presents an attractive opportunity for investors to add more exposure.
• I explain why there seems to be a valuation bifurcation right now as the market awaits the Fed to start cutting rates first.
• Investors should consider buying before the market realizes its misplaced pessimism.

Brookfield Infrastructure ( BIP ) ( BIPC ) investors have remained steadfast, even though BIP has underperformed the S&P 500 ( SPX ) ( SPY ) since my last update in December 2023. New investors in BIP are encouraged to refer to my December article as a primer on Brookfield Infrastructure's central thesis....

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