American Tower

AMT-N

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.

Performing very well. They have thousands of towers across North America and supply services to wireless phone companies.

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.

Too much competition. Assets is land in remote areas.