Fortress Transportation & Infrastructure Investors – Series A Preferred

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

  1. Yield – 8.25% at par.   
  2. Discount – Trading at discount to par.
  3. Callable – callable within 4 years.
  4. Insider Buying – High volumes of recent insider buying of common units of the issuer.
  5. Strong Backers – 10% of issuer is held by Washington State Pension.

What Could Go Wrong

  1. 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.