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Author: TMFTheSnake Big red star, 1000 posts Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 209  
Subject: BIP results out Date: 2/9/2012 9:59 AM
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I'm sick at home, so don't have access to my spreadsheets, but things look mostly good at BIP. They are raising the dividend 7% (the high end of their targeted growth) and should have several projects coming on line in the next year or so.


The letter to shareholders strikes a cautious tone for next year and Sam Pollock expects most of the growth to come from the completion of the expansion projects (although the strong grain harvest in Australia should help, too). There is a mention of US housing picking up, though, so not all bad news.

I plan on tackling the flurry of earnings this weekend (SYT, CGA, BIP, PM, UEPS, WWIN, and GDF have made the end of this week quite hectic), so bear with me.

For now things look good at BIP and I look forward to next week's letter from BAM CEO Bruce Flatt for more insight into global market conditions.
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