Ticker: FTAI-PA, Buy below $24.
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people.
Why I Would Buy
- Yield – 8.25% at par.
- Discount – Trading at discount to par.
- Callable – callable within 4 years.
- Insider Buying – High volumes of recent insider buying of common units of the issuer.
- Strong Backers – 10% of issuer is held by Washington State Pension.
What Could Go Wrong
- Yield –Very high yield and discount-to-par. Market has probably priced in the risks appropriately.
Disclosure: I am long FTAI-PA, please read additional disclosures here before taking any action based on this post.