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Brookfield Infrastructure Partners L.P. Message Board

  • yelyacs yelyacs Aug 16, 2012 1:20 PM Flag


    price stretched far above 50 day moving avg, overbought on daily, weekly, monthly charts

    I bought in at 16.3 , just sold half at 36.42, will be back on a little pullback

    hoping to juice the 4% yield with a little out/in trading as call strikes spaced too far apart to make covered calls worth it

    I got my GTC order to buy back in in place

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    • Understand the technical move on selling, but I also think you made the right call on keeping half.

      Depending on how the S&P pullback I anticipate works out for BIP, these guys may prove themselves as a long-term core holding not unlike Berkshire Hathaway might have done 30 years ago.

      Three short years ago, BIP was at $10/share and paying a $1.06 dividend. Today, we're getting $1.50/share on a similar increase in FFO while corporate income for the S&P has been a bit more moderate.

      If management thought they deserved $300K/year for their services, they might be Warren Buffett's cousins.

    • To be clear, during the earnings call, they said they may divest of "some" of the timberland assets.

      Often a segment (tract) of land may be more valuable on ways other than growing timber; ie, development, conservation sales, etc.

      Also, once timber is harvested where they own most of their land, it takes 60 years to regenerate into the next "crop." Is it wise to maintain an investment that takes that long to bring in cash flow?

    • I'm in @$23, hate to sell because I don't want to pay CG taxes!

      If it gets to $40 though I might have to take some profits.

      • 1 Reply to rp5528
      • I own BIP in an IRA, and while I appreciate its diverse long-lived dependable cash flow-producing asset mix, I look to own more of it at a lower price/better yield, since BIP's run looks (based on technicals, chart etc) unsustainable to me

        but I have a good profit and some cash now in case I am right, and still some skin in the game if I am wrong (the market remains bullish despite global economic weakness, where even bad news is seen as positive (economic weakness will spur more fed action etc) and the so-called "dividend bubble" shows no sign of slowing (just look at the junk bond market))


34.11-0.05(-0.15%)Oct 25 4:02 PMEDT