American Tower

AMT-N

NYSE:AMT

233.72
1.48 (0.64%)
American Tower Corporation is a publicly held company, owner and operator of wireless and broadcast communications infrastructure in several countries. American Tower is headquartered in Boston, Massachusetts and has local offices worldwide.
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Analysis and Opinions about AMT-N

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Opinion
Expert
COMMENT
COMMENT
March 12, 2013

Have shareholder friendly policies around share buybacks and dividend growth. Went through the change from Corp to Real Estate Investment Trust which has unlocked a lot of value. He has pared back his exposure by about half in order to move money into US financials to get better dividend growth in the next 12-16 months. Still likes but looking for better dividend growth in US financials.

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American Tower (AMT-N)
March 12, 2013

Have shareholder friendly policies around share buybacks and dividend growth. Went through the change from Corp to Real Estate Investment Trust which has unlocked a lot of value. He has pared back his exposure by about half in order to move money into US financials to get better dividend growth in the next 12-16 months. Still likes but looking for better dividend growth in US financials.

TOP PICK
TOP PICK
March 11, 2013

Basically Cells towers across the US, into Africa and Europe. 10%-11% cash flow growth year-over-year in the domestic US portfolio. You are looking at 25%-35% cash flow growth per year in the emerging markets that they have exposure to. You can bank on them growing earnings at 10%-15% year-over-year. Yield of 1.25%.

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American Tower (AMT-N)
March 11, 2013

Basically Cells towers across the US, into Africa and Europe. 10%-11% cash flow growth year-over-year in the domestic US portfolio. You are looking at 25%-35% cash flow growth per year in the emerging markets that they have exposure to. You can bank on them growing earnings at 10%-15% year-over-year. Yield of 1.25%.

BUY WEAKNESS
BUY WEAKNESS
February 14, 2013

Tower REITs have had several short term pullbacks over the last 4 years. That is natural. Probably good support at $70.

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American Tower (AMT-N)
February 14, 2013

Tower REITs have had several short term pullbacks over the last 4 years. That is natural. Probably good support at $70.

SELL
SELL
November 21, 2012

(Market Call Minute) Good long term story but high valuation.

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American Tower (AMT-N)
November 21, 2012

(Market Call Minute) Good long term story but high valuation.

BUY
BUY
November 15, 2012

Anyone with kids can see how much data is being consumed through handheld devices. This one has a portfolio of telecom towers all over the world and is in the process of converting to a REIT. Dividend will grow at 15-20% per year. Not insignificant dividend today. A great area to focus on and is one of the few secular themes in this economy.

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American Tower (AMT-N)
November 15, 2012

Anyone with kids can see how much data is being consumed through handheld devices. This one has a portfolio of telecom towers all over the world and is in the process of converting to a REIT. Dividend will grow at 15-20% per year. Not insignificant dividend today. A great area to focus on and is one of the few secular themes in this economy.

DON'T BUY
DON'T BUY
March 2, 2012
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%.
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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%.
Don Lato

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Price
$62.590
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 13, 2011
(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.
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American Tower (AMT-N)
September 13, 2011
(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.
PAST TOP PICK
PAST TOP PICK
August 18, 2011
(A Top Pick Aug 9/10. Up 8.77%.) Will convert to a real estate investment trust over the next year.
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American Tower (AMT-N)
August 18, 2011
(A Top Pick Aug 9/10. Up 8.77%.) Will convert to a real estate investment trust over the next year.
DON'T BUY
DON'T BUY
April 12, 2011
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.
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American Tower (AMT-N)
April 12, 2011
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.
TOP PICK
TOP PICK
September 28, 2010
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.
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American Tower (AMT-N)
September 28, 2010
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.
TOP PICK
TOP PICK
August 9, 2010
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.
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American Tower (AMT-N)
August 9, 2010
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.
COMMENT
COMMENT
August 4, 2010
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.
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American Tower (AMT-N)
August 4, 2010
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.
PAST TOP PICK
PAST TOP PICK
February 20, 2007
(A Top Pick Feb 6/06. Up 30.7%.) Owns wireless towers all over North America. He has scaled out of this stock.
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American Tower (AMT-N)
February 20, 2007
(A Top Pick Feb 6/06. Up 30.7%.) Owns wireless towers all over North America. He has scaled out of this stock.
DON'T BUY
DON'T BUY
June 15, 2006
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.
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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.
BUY
BUY
March 23, 2006
Performing very well. They have thousands of towers across North America and supply services to wireless phone companies.
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American Tower (AMT-N)
March 23, 2006
Performing very well. They have thousands of towers across North America and supply services to wireless phone companies.
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