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Technology Stocks : AMT

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To: John J. Riley who wrote (5)11/9/1999 4:33:00 PM
From: Teddy   of 57
 
that Jubak guy on MSN mentioned AMT today. sometimes he is right.
moneycentral.msn.com
5 stocks ready to join the party
This rally still has a ways to go and I believe by year's end it will broaden. Here's my take on five
stocks ready to swell the ranks of significant gainers and one that won't recover in time.
By Jim Jubak ..............

American Tower. American Tower looks like it's just started to move up. The price trend is still very young, even
though it is supported by impressive strength in money flows. But the fundamentals on this one are very attractive.
This company is a low-risk way to play the incredible growth in wireless communications of all types and
frequencies. American Tower owns or operates about 10,000 towers. It leases space on these towers to wireless
telephone and data providers including AT&T and CNN. After a period of rapid growth in the number of towers it owns
-- largely by acquisition -- the company is settling into a period of rapid revenue (and, eventually, earnings) increases,
fueled by increased numbers of tenants paying more money to lease space on each tower. The company has turned
in two consecutive quarters of smaller-than-expected losses -- most recently, 8 cents against an expected 10-cent
deficit last quarter. It still has some work to do to rebuild its credibility after disappointing quarters earlier in the year,
but the stock has started to move up on the better-than-expected results and on a Sept. 29 "buy" rating from Credit
Suisse First Boston. Watch over the next few days to see if the stock stays above the 50-day moving average and if
money flows remain strong.
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