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American Tower Corporation Message Board

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  • slim_niceguy slim_niceguy Aug 7, 2002 1:36 AM Flag

    Patience - lots of it

    You are right that patience is required here.
    Patience is required with all stocks unless you have inside information. It certainly won't take anything like ten years for this stock to make a move. On the contrary, despite slower growth in subscribers there is still significant net growth. More people are using more phones for more minutes each month.
    One can't predict the exact movements in a stock, but one can predict that if the business plan and projections of management are realized over the next 2-3 years the stock most certainly won't be trading at these levels. So, if you feel the industry growth is falling off a cliff and there is absolutely no growth ahead in wireless then you're right you don't want to own this stock. On the other hand if the numbers they report on Thursday are in line and guidance ahead points to the same, then by this time next year the company will be solidly cash flow positive and the stock will be trading much higher.

 
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