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American Tower Corporation Message Board

  • billyteam2 billyteam2 Feb 22, 2002 3:18 PM Flag

    Steve Dodge & Mgmt. Team

    I have recently repurchased my position in AMT. I seldom post on message boards, but in reading the thoughts and comments on this one I think many of you are missing one of the most compelling reasons for owning AMT. Steve Dodge is one of the most capable and most successful CEO's I have ever known. He made me a fortune in his cable company and then again with American Radio. I think that he and his management team have done a great job of navigating thru a tough environment. If one can be patient ( and let the short term institutional traders get out of the way } the free cash flow that will begin to be visible in a few quarters will support a much higher stock price. The "scaled back " business plan makes a great deal of sense to me.

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    • Someone claiming to be billyteam2 wrote:

      > I have recently repurchased my position in
      > AMT. I seldom post on message boards, but in
      > reading the thoughts and comments on this
      > one I think many of you are missing one of
      > the most compelling reasons for owning AMT.
      > Steve Dodge is one of the most capable and
      > most successful CEO's I have ever known. He
      > made me a fortune in his cable company and
      > then again with American Radio. I think that
      > he and his management team have done a great
      > job of navigating thru a tough environment.

      And during his tenure this stock has plunged from $50/share to $3.85/share? You admiration for a CEO and 50 cents will buy you a can of Coke, but that's about it.

      The Garbageman

    • How about looking at SBA communications?
      Seems like a seasoned team and an even better set of financials. The stock has just gotten creamed. Perhaps because it has less of a following. Shouldn't both AMT and SBAC, who seem to be well positioned prosper?

    • I concur with your opinion. One thing to think about is whether or not this scaled back construction will cause leaseup on existing towers to accelerate or if the constraints on construction will be a problem. What if a cell site is needed by a carrier and AMT doesn't have the capital to build it to suit?
      I'm quite positive on the stock and would think that certainly we could see the teens somewhere in the next 12-18 months.

    • I agree. Dodge continues to say that nothing in their business plan has changed. He said 3 years ago this should be a $35 stock.

 
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