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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (13781)1/25/2002 11:37:24 PM
From: James Clarke  Read Replies (1) of 78744
 
I think of tower companies as a real estate business - that is the model. A real estate company with negative EBITDA and a lot of debt looks like a bankruptcy waiting to happen. They overbuilt in a big way.
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