Fortress Bio in the spotlight

Assessing $FBIO's preferred class of stock (FBIOP)

• In the last 3 trading days, preferred shares of Fortress Bio (FBIOP) have traded down 53% from ~$17 to ~$8. 

• The decline seems to be fueled by a negative sentiment over whether or not FBIOP will continue paying its regular monthly dividend come October.

• There is no indication that FBIOP will default, as it has approximately 4 quarters of cash based on its…