Buying BIPC @ $50.20
2% position
It's no secret that I'm a big fan of Brookfield and their assortment of publicy-traded entities. Each entity is well-structured, aggressive, and implicitly backstopped by BAM, the parent.
I'm not a huge technical analyst, but when a stock is at technical inflection points, it's worth noting.
In the current/coming recession/depression, hard assets and infrastructure should do well. BIPC is an owner of real, infrastructure assets around the world. BIP is the long-standing entity while BIPC is the C-corp version of the same assets. Just like BEP and BEPC. Brookfield wants investors to be able to own the stocks regardless of their tax situation - even if the partnership structure is usually the most efficient choice.
I've never owned BIP or BIPC. I've followed it for a long time and helped advise them on putting together a transaction back in 2010/2011. But I was never allowed to own it during my working career and always had better long ideas in my post-working life. So today is sort of special.
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