Only $0.60 of EPS. Put a 40x multiple and this is a $25 stock. Huge leverage and downside.
If CCI had the same operating profit margin as AMT then the picture would be different. What is the main reason for the difference in operating profit margin?
FY results just out, and CCI generated a whole $1 per share of free cash flow. Incredible that it's trading at a 75x multiple of this. I retain my fair value target of $25.
AFFO is over $3 per share. AMT and SBA similar trading. Someone must know something...
Look at the cash flow....
Sentiment: Strong Buy
Yeah... I did... $600MM annually, on an Operating Cash Flow basis... So you're saying buy at an EV of $30B, to get $600MM annually? Before capital expenditures?!?!? That's a fantastic 2% return on a cash basis!!
Sentiment: Strong Sell