Why I Just Bought More of This Brilliant Growth Stock
Growth stocks typically trade at premium values. Investors highly prize growth because companies that increase their earnings at above-average rates have historically created the most value for their shareholders over the long term.
Brookfield Infrastructure Partners (NYSE: BIP) certainly qualifies as a growth stock. The global infrastructure giant has grown its funds from operations (FFO) at a more than 10% annual rate over the last decade. It's in an excellent position to continue growing at a double-digit rate.
Despite that, its unit price has plunged nearly 40% from its 52-week high. That has this brilliant growth stock trading at such a cheap value that I couldn't resist adding to my position.
Source Fool.com
Brookfield Corp. Stock
€45.10
-0.440%
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 2 Sell predictions.
However, we have a potential of -4.66% for Brookfield Corp. as the target price of 43 € is below the current price of 45.1 €.
