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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: buck who wrote (17862)	2/13/2000 2:44:00 PM
From: Mike Buckley	Read Replies (3) \| Respond to of 54805

Etiquette buck, I thought my public replies made his inbox button show unread messages. That depends on what order the user reads messages. In my case, I read all the public messages first. For some unexplicable reason, when I go to the private inbox the same messages I've already read are remain in my inbox. To get rid of them I have to click on the link to the public message. You're right about that pain. But it doesn't happen a lot so the pain is forgivable. :) --Mike Buckley

To: buck who wrote (17862)	2/13/2000 2:52:00 PM
From: bozo1	Read Replies (1) \| Respond to of 54805

Towers companies as a way to play wireless I have looked at some towers companies recently: SBAC,TWRS,AMAT as a low cost, lower risk play on the wireless technology. It seems to me that if wireless is the wave of future as Gilder and many others speculate (and I agree) then won't there have to be alot more towers with many more receivers/transmitters to transmit the signals? The incremental rent income from adding one more receiver/transmiter on an existing tower is mostly profit. Certain type towers may have capacity constraints. Obviously coverage of towers is important within a defined geographic area. The industry seems to be consolidating with lots of acquisitions going on. What am I missing? These companies seem to generate lots of free cash flow although their net income is lower due to depreciation/amortization/interests costs (kindof like many telephone companies.)Generally they seem to be valued based on EBITDA (earning before interest, taxes, depreciation and amortization). Will the satellite companies ever make these towers companies obselete? The thoughts of the experts and quasi-experts on this board would be greatly appreciated. I wonder if my feeble brain is missing something. Just for disclosure purposes I will tell you I have owned SBAC for several months and am looking at other candiates for inclusion in my portfolio. I wonder if a king can develop from these companies? Happy days Kerry