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| DON'T BUY | 62.590 | Don Lato | Cell phone towers and they have been going like gangbusters. Put up about 11,000 towers over the last year or so and about 5000 of them in the last quarter. A bit pricey at about 21X adjusted cash flows. Small yield of only about 1%. | 2012-03-02 | |
| PAST TOP PICK | 52.900 | David Burrows | (Top Pick Sep 28/10, Up 1.22%) He would buy today and will likely buy back. Is going to convert in January to a REIT. There had been concerns about cell company mergers for a while. | 2011-09-13 | |
| PAST TOP PICK | 48.350 | David Burrows | (A Top Pick Aug 9/10. Up 8.77%.) Will convert to a real estate investment trust over the next year. | 2011-08-18 | |
| DON'T BUY | 49.630 | Derek Webb, CFA | Cellular towers. You would think business would be great, but stock doesn’t screen that well. Missed earnings last quarter. Doesn’t like the stock. Short term it doesn’t have enough momentum but long term it is ok. | 2011-04-12 | |
| TOP PICK | 52.110 | David Burrows | Wireless data is unstoppable. Data traffic will double this year, next year and the following year. Company owns 33,000 cell towers across US, South America and India. Average 3-4 tenants per tower and all they have to do is maintain the tower. As companies move from 3G to 4G, they will add additional gear to the towers. Expect it will be a REIT with a distribution in 18 months. | 2010-09-28 | |
| TOP PICK | 46.750 | David Burrows | Long life assets of about 27,000 cell towers and each one has from 2 to 8 tenants that put their gear up to transmit wireless signals. As proliferation of wireless devices expand, demand for added capacity goes up but hasn't cost anything. Going into 4G more equipment will go up. Expect they will eventually convert to a REIT, which will bump the valuation. | 2010-08-09 | |
| Comment | 46.940 | Ian Ainsworth | One of the 2 leading companies in towers. Own the towers and rent space on them to operators and cell sites. Trends favour this and he can’t see any technology trends that would reduce the demand. | 2010-08-04 | |
| PAST TOP PICK | 40.840 | David Burrows | (A Top Pick Feb 6/06. Up 30.7%.) Owns wireless towers all over North America. He has scaled out of this stock. | 2007-02-20 | |
| DON'T BUY | 30.450 | David Burrows | Have about 40,000 cell sites. Lease access to wireless companies. Very attractive business. Came under scrutiny regarding timing and pricing of options offered to their executives. This along with a market correction was enough for him to get out. | 2006-06-15 | |
| BUY | 30.900 | David Burrows | Performing very well. They have thousands of towers across North America and supply services to wireless phone companies. | 2006-03-23 | |
| TOP PICK | 31.240 | David Burrows | Wireless telecom has been doing exceedingly well and the demand for data is very strong. This company owns about 22,000 cell towers and supplies services into the telecom companies that sell those services. So this is a spin off in the strength in wireless. The margins have been very good and they are international. | 2006-02-06 | |
| DON'T BUY | 7.000 | Paul O'Neil | Too much competition. Assets is land in remote areas. | 2001-12-12 |
