smokeyd wrote: "you could strongly argue that the infrastructure market has fallen since then"
I would argue the opposite. Just look at the premium paid for MCG at the $2.50 takeover price. That EBITDA multiple is 15+.
Infrastructure will come out of this GFC stronger than ever.
Inflation will kick in come 2011 and inflation is very bullish for infrastructure assets.
ngpl valuation, page-6
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