SBA Communications Corp (NASDAQ:SBAC)
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An independent owner and operator of wireless communications towers in United States, Puerto Rico, and the U.S. Virgin Islands. The Company's two business lines are: site leasing and site development.
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SBA Communications is a company I fully expected to go under four years ago but they somehow survived. Ironically four years later nothing has changed. They have nearly TWO billion dollars in outstanding debt, revenues are growing at a meager 11%, and losses continue to pile up. Another SBAC trademark is that they have missed analysts expectations four quarters in a row, reporting greater losses. If we hadn't already touched on how poorly managed this company is, it trades at 9 times sales and a whopping 15 times book value. SBAC is just a staggeringly bad company and somehow its rallied 10,000% in 4 years..reality will kick in very shortly.
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