Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Softechie who wrote (13779)	1/25/2002 4:39:01 PM
From: Paul Senior	Read Replies (2) of 79115

I keep coming across AMT and CCI and maybe another couple of these tower companies. Compared to where these stocks have been in the past (and dangerous comparisons they are), these stocks are selling now below stated book value and at "relative" low p/sales. Could be plusses for me. But I just focus on the continual negative EBITDA, negative earnings, increasing debt, and I wonder if there's a real business in there. Even if there is a business model there that works, I suspect for me I'll keep passing on these stocks, just as I missed cable companies and the gains that patient cable-company stock holders eventually saw (through their years of negative earnings numbers). Perhaps for these tower companies, one really has to have a knowledge of the technology and its benefits and how they outweigh satellite or wire transmission competitors. I have no such knowledge, and so no confidence in the business. And I don't have technology expertise either with CWP. But here I'll bet the good balance sheet provides a lot of business options for management. Paul Senior

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next