Brookfield Infrastructure's Earnings Proved Largely Immune to the Pandemic
Brookfield Infrastructure Partners' (NYSE: BIP)(NYSE: BIPC) focus on operating essential infrastructure helped insulate it from much of the impact of the COVID-19 pandemic during the first quarter. While the coronavirus did affect volumes at its port and toll road operations, and the economic dislocations caused some foreign exchange fluctuations, Brookfield generated solid results due to the overall stability of its business model. And all the market turbulence provided the company with the opportunity to buy shares of publicly traded infrastructure companies at a discount, which could pave the way for large-scale transactions later on.
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Q1 2020
Source Fool.com
