American Tower Corp (NYSE:AMT)

CAPS Rating: 4 out of 5

A wireless and broadcast communications infrastructure company. The Company's primary business is leasing antenna space on multi-tenant communications sites to wireless service providers and radio and television broadcast companies.


Player Avatar TMFInnovator (40.11) Submitted: 5/30/2013 9:47:05 AM : Outperform Start Price: $78.18 AMT Score: +10.26

- A short term miss on Wall Street expectations due to debt refinancing and currency effects giving us an opportunity to buy this long-term outperformer.
- AMT is showing strong growth. Their core tower management business is growing revenues at 20% annually; 33% internationally. 4G investments are being made by all carriers and require new towers from AMT.
- There is definitely plenty of demand for their business. Mobile traffic is expected to compound at a 66% annual growth rate (!!) between now and 2017, according to Cisco.
- US business is organized as a REIT, which is great for continued dividend payouts/increases. As international subsidiaries need less capital for expansion, they likely too will convert to REIT status, effectively turning this growth business into a cash cow.

Member Avatar TMFTailwind (84.34) Submitted: 6/5/2013 10:24:55 AM
Recs: 0

Sounds like a great company!

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