23 Feb was an interesting day. BIP rose quickly and was nearly flat at 29.94 all day. Then late in the day there were a couple of big purchases at 30+. The whole day had more then double the average volume.
Countries-States-Provinces and most world-wide political subdivisions are virtually bankrupt. They can't support their infrastructure, so more and more will be put up for sale and/or long term lease to companies that have the financial backing to buy and grow assets. BIP is one of those companies that has the deep pockets and the financial expertise of BAM to manage them for these times. IMHO this is not a one day story. Very long term growth opportunity to make a lot of money. I've been buying for 2 years and IMHO it is still dirt cheap. b&w