D - Is Brookfield Infrastructure Stock a Buy?
There are a lot of things to like about Brookfield Infrastructure Corp. (NYSE: BIPC) , but there are also some negatives that need to be considered. All in all, this highly complex entity is a strong option if you are looking for a simple way to get some infrastructure exposure into your portfolio. However, as I consider replacing Dominion Energy (NYSE: D) in my own portfolio, Brookfield just doesn't fit my needs. Here's why you might like Brookfield Infrastructure and why you might want to pass it by.
The first complexity with Brookfield Infrastructure is that there are two versions of it. There is Brookfield Infrastructure Corp., which is structured as a regular company, and Brookfield Infrastructure Partners (NYSE: BIP) , which is a limited partnership (LP). They are designed to be identical entities except for the fact that one is an LP (which maintains a different corporate structure for tax purposes). In fact, Brookfield Infrastructure Corp. shares can be exchanged one-for-one for Brookfield Infrastructure Partnership units.
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Is Brookfield Infrastructure Stock a Buy?