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Crown Castle International Corp Message Board

  • rcdt999 rcdt999 Mar 25, 2010 1:26 PM Flag

    Awash in debt. Sinking in debt

    Any income goes to debt holders

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    • You obviously don't understand the business model and its finances. CCI is more like an REIT - large capital investment and debt, large depreciation write-offs, and lots of cash-flow.

      CCI has been my biggest money maker. I bought some on a recommendation of a friend who is a lobbyist in this industry at about 24-25 during the tech boom. When the crash happened, I got out at about 18-19, and forgot about it for a while. Next time I looked at it, it was priced like an impending bankruptcy, and I finally did some DD and realized that people weren't understanding the financial pages. I bought a bunch at $1.11, and over the years gifted it, in kind, to my college-aged daughters. They could sell it and pay only 5% tax, and used it to fund a lot of their college expenses.

    • No, cash flow goes to interest on debt. Remaining $500MM in cash flow goes to enhance shareholder value. If you don't know what you are talking about, best to not talk...

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