Professional
Added to YB: 2025-08-01
Pitch date: 2025-07-30
FIP [bearish]
FTAI Infrastructure Inc.
+23.27%
current return
Author Info
Snowcap Research is an activist investment and advisory firm based in London. We focus on mispriced opportunities in public markets where we seek to drive outsized returns and positive impact via active engagement. Visit their website.
Company Info
FTAI Infrastructure Inc. engages in the acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America.
Market Cap
$561.6M
Pitch Price
$6.36
Price Target
1.90 (-61%)
Dividend
2.46%
Sector
Ground Transportation
Category
value
Snowcap is short $FIP - FTAI Infrastructure
FIP short: Overleveraged infrastructure assets facing liquidity crisis with preferred dividends no longer PIK'd. Management's growth catalysts appear fictional, missing all 94 projections since 2016. Governance conflicts with external manager Fortress led to dubious investments. 18x EBITDA valuation implies 60-70% downside. Equity raise inevitable.
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