Andy Green

Buying Into the Global Infrastructure Build

I would also take a look at both MasTec (MTZ) and Macquarie (MIC).

MasTec operations include building, installation, maintenance, and upgrade of communications and utility infrastructure. The company primarily builds underground and overhead distribution systems, such as trenches, conduits, power lines, and pipelines that are used in its customers' networks that provide communications and power delivery. It also installs buried and aerial fiber optic cables, coaxial cables, copper lines, electrical and other energy distribution systems, transmission systems, and satellite dishes. It's a great play on Verizon's FIOS as well as the upcomming hurricane season. Servicing both Florida Power & Light and Oncor (Texas) utility lines any hurricane in these areas will benefit MasTec. Recently MasTec was trading at a 12 p/e which represents a 54% discount valuation to its peers.

Macquarie Infrastructure Co. Trust (MIC) is a great trade on a variety of infrastructure plays. With MIC you get airport services business, an airport parking business, a district energy business, a gas production and distribution business, and a 50% interest in a company that owns and operates a bulk liquid storage terminal business. MIC continues to increase their dividend, which today stands at a comfortable 8% yield.