Same tower cash flow growth AMT 14% ish ... SBAC is at least there or better ... remeber cellular density is BEST in NE and SE ... SBAC territory. The industry is over the 70% network density hurdle - as the previous article showed 3G spending is more than enough and growing in the 40 CAGR range ... factor in wireless broad band, back haul, services etc ...
Re: Your Director's Club was just reelec by: bludoganchorite (21/M/Acworth, Ga) 05/02/03 03:18 pm Msg: 1286 of 1287
I've owned BLX since the 3's but I've never posted on this board before. Your post about SBAC was such a coincidence that I just had to respond, cause I own a boatload of SBAC too. I wasn't as precient as you though, I bought my SBAC shares at $1.21 soon after the AAT tower purchase was announced.
I agree that SBAC is worth $5 or more. After the tower sale to AAT, SBAC will own/manage/operate about 1/3 of the towers that CCI or AMT owns/manages/operates (this is not exact as I did this calculation months ago, just trying to give you the gist of my valuation). SBAC's revenue per tower, debt per tower, operating efficiency per tower, and cash flow per tower are all almost identical to CCI's and AMT's. Means SBAC is nearly identical to CCI or AMT and is just 3 times smaller. Yet it's market cap is something like 20 times smaller than either of these two companies. Either AMT or CCI are severly overpriced or SBAC is underpriced.
Anyway just thought it was strange that someone on the BLX board was talking about SBAC. Good Luck on both.
lol.............you're at least a quart low clown. but i was right eh? she's a chain-smoker. i knew it. anyways, i don't need a job. this is just a hobby along with auto racing. now...you hang in there and remember...if you don't like a stock keep it to yourself. i think i can speak for everyone on this board when i say that trying to impress with all of your knowhow is truely a waste of your time. gl