FTAI Infrastructure (FIP), mcap=$314m, price $3.16 vs $2.89

$FIP pitch:
– A recent spin-off from $FTAI with 4 infrastructure assets: 3 energy terminals and a railroad business.
– EBITDA is set to increase from $140 million today to $250 million in the next 12-18 months.
– FPI’s Jefferson terminal is now on the cusp of generating strong earnings and finally gaining momentum after years of investment.
– Earnings at Transtar railroad have been consistently increasing through new business initiatives.
– Construction of the 485MW power plant at Long Ridge is complete.
– The downside is well protected at current share price levels.

$FIP valuation:
– Base case EBITDA is set to grow from $140 million today to $250 million in the next 12-18 months.
– At 11x multiple, the target of $6.7/share.

Exp. gain: +130% to $7/share.

Full write-up (free guest account required):
https://www.valueinvestorsclub.com/idea/FTAI_INFRASTRUCTURE_INC/2565427256

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