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Brookfield Infrastructure LP Offers Cash Flow, Capital Gain Potential

Posted Nov 9th 2010 2:30PM by Gordon Pape (RSS feed)
Filed under: Newsletters, Stock Picks

We have just updated our recommendation on Brookfield Infrastructure Limited Partnership (BIP) in my Income Investor newsletter. We had advised readers to buy units of Brookfield Infrastructure Limited Partnership in mid-September at $18.38. The stock now trades around $23 per share -- an increase of 25%. The LP, which is a spin-off from Canadian conglomerate Brookfield Asset Management (BAM), owns holding companies in Canada, the U.S., and other jurisdictions.

Based in Bermuda, Brookfield Infrastructure Limited Partnership (BIP) is not considered to be a master limited partnership under U.S. law and is not subject to the forthcoming income trust tax in Canada. The business consists of the ownership and operation of utilities and timber assets in North and South America, Australasia, and Europe, as well as access fees for the transportation, storage and handling of energy, freight and bulk commodities.

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Analyst upgrades: BHP, RTP and PRU

Posted Apr 4th 2008 10:50AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Yamana Gold (AUY), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RIO)

MOST NOTEWORTHY: BHP Billiton, Rio Tinto and Prudential Financial were today's noteworthy upgrades:

Bernstein upgraded shares of BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RTP) to Outperform from Market Perform as they believe urbanization in China will increase demand for metals.
Prudential Financial (NYSE: PRU) was raised to Overweight from Underweight at Lehman as they believe the company's exposure to commercial mortgage-backed securities is limited.

OTHER UPGRADES:

SL Green Realty (NYSE: SLG) and Brookfield Properties (NYSE: BPO) were upgraded at Credit Suisse to Neutral from Underperform.
Yamana Gold (NYSE: AUY) was raised at UBS to Buy from Neutral.

Newspaper wrap-up: Buffett interested in Countrywide (CFC)?

Posted Aug 21st 2007 8:56AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, General Electric (GE), Berkshire Hathaway (BRK.A), , Monster Worldwide (MNST), Symantec Corp (SYMC),

MAJOR PAPERS:

According to the Wall Street Journal's (subscription required) "Heard on the Street" column, some investors are speculating that Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK.A) could buy struggling mortgage lender Countrywide Financial Corporation (NYSE: CFC).
Five insiders bought $592.7K in Orbitz Worldwide Inc's (NYSE: OWW) stock at per-share prices ranging from $9.55 to $10.10, reported Barron's Online's (subscription required) "Inside Scoop" column.
The Financial Times (subscription required) reported that General Electric Company (NYSE: GE) is believed to be considering the sale of Lake, its Japanese consumer finance subsidiary.

OTHER PAPERS:

Lehman Brothers Holdings Inc (NYSE: LEH) has bought a 26% stake in ECL Finance, the non-banking finance company of India's Edelweiss Capital, for about $4.3M, reported the Business Standard.
Brookfield Asset Management Inc (NYSE: BAM) has shelved its plan to buy Canadian Pacific Railway Limited (NYSE: CP) due to the global credit crunch and the current lack of funding for leveraged buyouts, reported the Globe and Mail.

WEBSITES:

According to security company Symantec Corporation's (NASDAQ: SYMC) blog, there is a new Trojan called "infostealer.monstres" which is attacking online recruitment site Monster.com (NASDAQ: MNST).

Analyst initiations 4-20-07: CHRW, CPKI, MA and TWC initiated today

Posted Apr 20th 2007 11:51AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, MasterCard Inc'A' (MA), Analyst Initiations, Time Warner Cable (TWC)

MOST NOTEWORTHY: Today's noteworthy initiations included MasterCard Inc (MA), Time Warner Cable Inc (TWC), ZymoGenetics, Inc (ZGEN) and California Pizza Kitchen, Inc (CPKI):

AG Edwards started MasterCard Inc (NYSE: MA) with a Hold rating, citing near-term concerns about the consumer and valuation.

Credit Suisse initiated Time Warner Cable (NYSE: TWC) with a Neutral rating and $41 target.

Citigroup initiated ZymoGenetics (NASDAQ: ZGEN) Inc with a Sell rating and $12 target. The firm sees further downside given their belief the Street will lower its Thrombin expectations due to sales disappointment in early 2008.

Morgan Keegan initiated shares of California Pizza Kitchen (NASDAQ: CPKI) with an Outperform rating, finding shares compelling given the company's substantial unit growth opportunity.

OTHER INITIATIONS:

Buckingham initiated shares of Gentex Corp (NASDAQ: GNTX) with an Underperform with a $14 target, and expects margin pressure to continue.

Citigroup started POZEN Inc (NASDAQ: POZN) with a Buy rating and $28 target.

Needham initiated SeaChange International (NASDAQ: SEAC) with a Buy rating and $12 target.

BB&T started Tarragon Corp (NASDAQ: TARR) with a Buy rating and $13 target, as the firm believes the proposed spin-off of its home-building business would unlock shareholder value.