Brookfield Infrastructure Partners' Patience Continues to Pay Dividends
Brookfield Infrastructure Partners (NYSE: BIP) is a value investor at heart. Because of that, the company won't invest in an opportunity unless it meets its strict criteria, even if it's in a market segment that Brookfield's specifically targeting. In recent years, for example, the company has publicly stated that it wanted to make acquisitions in Mexico as well as in the Indian telecom tower sector. It had opportunities in both areas in the past but chose to walk away because the returns didn't meet its high bar.
Instead of compromising on returns, Brookfield remained patient. That approach has paid off as it recently announced deals in both regions. CEO Sam Pollock discussed why the company was finally able to make these long-awaited moves on the second-quarter conference call.
Image source: Getty Images.
Source Fool.com
