Infrastructure stocks are shares of companies that build highways, bridges, airports, ports and so on. Most infrastructure stocks depend heavily on government spending.
Infrastructure investments can also be companies that do consulting and project management services for the firms that actually build various public works projects.
Infrastructure stocks are a good example of what we call theme investing—and the appeal of theme investing can lead you to overlook risks. Some investors expect infrastructure spending to be a winning theme in the next few years, in view of plans by governments around the world to continue to make use of infrastructure spending as an economic stimulant.
However, infrastructure spending is still a highly cyclical business. It has huge capital demands and high vulnerability to government meddling, budget cutbacks and so on. It’s a big mistake to overlook the risks with infrastructure stocks that could suffer from these drawbacks.
Infrastructure company stocks may be suitable for your portfolio. However, they should make up only a limited part of a well-balanced portfolio. Overall, to make profits in any market, use TSI Network’s three-part Successful Investor philosophy:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
Infrastructure assets such as toll roads, airports or port facilities have long been available only to large institutional investors or private equity funds. However, with a global focus on the development of infrastructure and a shortage of government funding, more of these unique investments have… Read More
A: We haven’t found any infrastructure stocks we want to recommend as buys. But here’s a look at one of the hold recommendations by Stock Pickers Digest—as well as two prominent U.S. companies in the industry.
Stantec, $33.18, symbol STN on Toronto (Shares outstanding: 93.9 million;… Read More
We haven’t found any infrastructure stocks we want to recommend as buys, but here’s a look at one hold recommendation of Stock Pickers Digest, as well as two prominent U.S. companies in the industry:
Stantec, $29.79, symbol STN on Toronto (Shares outstanding: 93.8 million; Market cap:… Read More
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