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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	1/31/2002 9:40:38 PM
From: Joe Stocks	of 787

AMT- I think AMT is a good idea for a longer term holding or a trade at this level. AMT is the largest wireless cell tower owner of two main competitors which are SBAC and CCI. Both have higher PE's, higher price to sales ratios, and higher debt/equity than AMT. IMO the sell-off on AMT has been much over done. They carry a lot of debt which would be assummed after the build out of all these towers. They have recently cut back their building cap expenses which means they will reach profitability sooner. I think the towers will be a main stay of any future wireless technology. What you are buying here is in essenc se a future REIT with recurring rental revenues coming in in a field that has a high cost of entry now. I just bought some for my IRA longer term and also for a position trade at 5.40, 5.00, and 4.75. AMT is currently at about a third of book. Link for snap shot marketguide.com Joe

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