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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (72964)	6/19/2023 9:54:06 AM
From: E_K_S	Respond to of 78750

RE: Replacement for DLR - What about CCI I too own a few DLR in the IRA after selling most of it in 2021 & 2022 at prices between $140/share - $160/share. I like the sector and was thinking of closing out the remaining shares and moving the proceeds into Crown Castle Inc (CCI). Crown Castle owns, operates and leases shared communications infrastructure that is geographically dispersed throughout the U.S., including towers and other structures, such as rooftops, and miles of fiber primarily supporting small cell networks and fiber solutions. Their operating segments consist of (1) Towers and (2) Fiber, which includes both small cells and fiber solutions. Their core business is providing access, including space or capacity, to our shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease and service agreements. CCI pays a 5.46% dividend. PE is at 16 with a Debt/Equity = 2.8x (still high). It has been FCF positive every quarter for the past five years. They have been paying down debt and still doing capital expenditures (50% of operating cash flow). Price chart looks similar to DLR.