3 Recent Buys – BAM, BIP, CU

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A quick update on three recent purchases in my portfolio. No new companies in the portfolio in this edition, but continued adding to my existing positions where I saw relatively good valuation.

  • First purchase: I added 50 shares of Brookfield Asset Management (BAM.A.TO) @ CAD$63.70. BAM continues to acquire high quality assets all around the world and is arguably the best alternate asset manager in the world. The stock yields 1.32% and adds US$32.00 in annual dividends.
  • Second purchase: I added 50 shares of Brookfield Infrastructure Partners LP (BIP.UN.TO) @ CAD$57.10. The stock yields 4.6% and adds US$100.50 in annual dividends.
  • Third purchase: I added 100 shares of Canadian Utilities (CU.TO) @ $35.95. CU currently yields 4.7% and this purchase adds a further $169.00 in annual dividends.

What are you thoughts on the purchases above. Leave a comment below.

Full Disclosure: Long all stocks mentioned. Our full list of holdings is available here.

3 Recent Buys – CSU, JNJ, BIP

BuySell

A quick update on three recent purchases in my portfolio. One of these three purchases is a new company in my portfolio. This is a company that I have been obsessively reading about for months now and finally decided that I need to own a piece of it. As a growth-focused company, this may not appear cheap for value investors, but the company has a proven track record of amazing capital allocation, diligent screening process for its growth through acquisitions, a legendary leader, cornering various niche markets…and the list goes on.

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2 Recent Buys – BIP, TD

BuySell

A quick update on a couple of purchases in our portfolios. It is getting harder and harder to find good value plays as the market seems be pushing the boundaries on the valuation front. With a lot of stocks trading close to 52-week highs, pickings have been pretty slim. However, due to an oversized cash position, I decided to pay up on a couple of strong companies and add to my existing positions.

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3 Recent Buys – BIP, CU, FIH

BuySell

A quick update on a couple of recent purchases in my portfolio. For this round, I added to existing positions.

  • First purchase: I added 48 shares of Brookfield Infrastructure Partners (BIP.UN.TO) @ $50.00. There’s been significant pullback lately and after waiting a long time to add more shares in this, I finally got the opportunity. I had a lowball offer sitting open on this company for a while and it was triggered yesterday when the stock fell below $50.00 mark. The stock currently yields close to 5% and is a dividend grower, while providing excellent infrastructure exposure around the world. BIP has a 10-yr dividend growth track record. The 1-, 3-, and 5-yr dividend growth rates are 12.5%, 10.8%, and 11.7% respectively.
  • Second purchase: I added 50 shares of Canadian Utilities (CU.TO) @ $32.92. The utilities sector has been in pressure as the interest rates are rising providing investors with better risk-free return. However, I think this presents a good opportunity to buy companies in this space currently. The current yield is hovering close to 5% and the company has a long track record of increasing dividends year after year. In fact, it occupies the top spot in the Canadian Dividend All Star list, with a 46-yr dividend increase streak.The 1-, 3-, 5- and 10-yr dividend growth rates are 10%, 10.1%, 10.1%, and 8.6% respectively. Not bad at all for a 5% yielder!
  • Third purchase: I added 100 shares of Fairfax India Holdings (FIH.U.TO) @ US$17.20. This was the third iteration of purchasing and I am far from being done accumulating this company. The company provides a great way to invest in India and has plenty of great investments already for a 3 year old holding company. I wrote about this company in the past here. No dividend from this company — the company follows the Berkshire Hathaway model and all funds are reinvested.

Full Disclosure: Long BIP.UN.TO, CU.TO, FIH.U.TO. Our full list of holdings is available here.