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American Tower Corporation Message Board

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  • slim_niceguy slim_niceguy Nov 24, 2001 11:32 AM Flag

    Re: let's see how many of these towers a

    I run a very large movie theatre and we see many people each week. I can tell you, cell phones and other wireless devices are being embraced by more and more people of every age.
    It is pretty clear that they have become a necessity to many people....just like their car. I'd say 60% of our customers have a cell phone with them and that just grows every day.
    I think anyone that downplays the opportunity with the tower companies just doesn't understand what is going on. This is going to be like a utility on steroids...huge cashflows but no real authority like a public service commission limiting return on investment. There basically won't be much capital expenditure at some point and at these prices management will either be able to buy back huge quantities of stock or pay dividends. Warren Buffett went after a fantastically well run little cable TV outfit in 99 but was outbid by Cox. I dare say that both AMT and SBAC definitely are interesting to value investors like him in the not too distant future. I find it a bit odd that both CCI and
    SBAC are trading higher ( Right at book), while
    AMT is down here a bit.....but the reason is AMT has a lot more acquired towers that aren't quite as mature. I'll be quite surprised if AMT isn't back up in the low double digits by sometime in the third quarter. This should be a great longterm play...certainly $50 to $80 in the next 3-5 years.

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