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SBA Communications Corp. Message Board

  • slim_niceguy slim_niceguy Jun 17, 2002 1:35 PM Flag

    Then there were 3

    The three surviving public tower companies ( AMT, CCI, and SBAC all have seen stepped up insider buying in the last 2-3 weeks. If you really think about it what will these stocks look like in 4-5 years. It is likely that with little or no maintenance capex they could become much like dividend paying utilities. If they hit their guidance you do the math. At current prices you could be buying VERY high yields. SBAC for example at $70,000 per tower will have around $3 per share of free cash flow. It is trading at $ 1.50. Put a 50% payout ratio on it....

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