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SBA Communications Corp. Message Board

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  • slim_niceguy slim_niceguy Jan 27, 2002 8:03 PM Flag

    Re: SBAC might drop below $7 by Tuesday

    Mr. Jeff Stoops the CEO stated at the recent Smith Barney communications conference that the company expected all cash interest to be covered in 2002. He further stated that they expected at least 50% growth in EBITDA for the year. The company is on target to turn cash flow positive in the first quarter of 2003. He also stated that lease up in the fourth quarter remained strong and in line with previous guidance. He stressed the fallacy of focussing on Subscriber growth when in fact the rapid growth in Minutes of use is what is really driving the need for tower space. Minutes of use continue to soar in line with the more and more liberal calling plans. Subscriber growth isn't shabby at all either. So what if is has slowed. Millions of subscribers were still added in the fourth quarter industry wide. People are forgetting that the zoning for new towers will only get more and more difficult.

 
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