about an hour ago flash across from s&p about how they forecast the fundamentals for the tower sector won't improve over the next 2 years. but i can't find the details anywhere. did anyone see this? i wonder if it contained anything new.
You wonder correctly fourth....nothing new at all and i'll be damned why they feel the need to keep on repeating every 60 days. I just dont' see a spike in interest rates with this economy. That is the only thing that will bring CCI and AMT down. True enough they won't reduce debt at the rate previously thought but jeez how long have we known this and how many times have the ratings agencies repeated it?? Let's see...the stock isn't at $55 either. It's all relative isn't' it? In this economy with evidence that the banks have already been accomodative do we think any financial institution is going to push anyone into bankruptcy needlessly? Who cares if they pay off the debt on some schedule only the ratings agencies feel is appropo? If AMT only adds revenue at .2bbe plus the escalator there will be .70-.80 of cash earnings. The stock won't be at $4.