Macquarie Infrastructure Company LLC

[leftovers]

Summary
Macquarie Infrastructure is loading up on cash to grow. Cash increased $600 million in fiscal year 2018.

Management plans to sell another $600 million of assets to raise still more cash. Maturing convertible bonds will be paid in July.

Future growth projects could easily provide a distributable cash flow ratio of 200% within a few years.

The recovery potential of the common units is huge for an income vehicle as is the distribution growth potential.

Income investors get paid a 10% distribution while the share price recover.