SBAC - It's Tower Time
2024-04-22 07:00:00 ET
Summary
- Communication has come a long way since the dawn of time, from limited means of visuals and sounds to the development of written language.
- Slow communication in the past led to battles being fought even after wars had been settled, such as the Battle of New Orleans in 1815.
- American Tower, Crown Castle, and SBA Communications are three leading cell tower REITs that offer stable cash flows and outsized total return prospects.
How far communication has come since the dawn of time.
Back in the beginning, people had very limited means of getting their points across. They could use visuals – if they were close enough to see – like hand gestures, body language, and facial expressions. Or they could use sounds – if they were close enough to hear – like words, grunts, and cries.
The development of written language was therefore a major breakthrough, allowing people to communicate across greater distances. Only problem was…
It could take days, weeks, or even months for a messenger to get one’s letter to the other side. The greater the distance and rougher the landscape, the longer it took. And that’s to say nothing about weather, hoodlums, or other delays and disasters.
Really, there was no actual guarantee a letter would get through at all.
(Admittedly, this sounds very much like the U.S. Postal Service in some towns and cities these days. But that’s another story altogether.)...
It's Tower Time