PTON - Event-Driven Surge Misinterpreted As Secular Forms Opportunity At Crown Castle

2024-04-15 14:43:21 ET

Summary

• Event-driven surges are often mispriced as sustaining growth, presenting opportunities for investors.
• The market is skilled at pricing cyclicality but struggles to properly adjust multiples for event-driven surges.
• Crown Castle is currently mispriced due to a misinterpreted event-driven surge caused by the Sprint-T-Mobile merger.

I posit that event-driven surges are frequently being mispriced as sustaining in nature. Identifying event-driven growth or event-driven headwinds that are being interpreted as secular presents substantial opportunity as prices correct. This idea will have 3 parts:

1. The mechanics behind the opportunity
2. Historical examples where mispricing of this nature clearly occurred
3. Current opportunity in which Crown Castle ( CCI ) is mispriced due to misinterpreted event-driven surge.

For further details see: