AMT - SBA Communications: A Solid Prospect In The Telecommunications Space

2024-04-28 03:54:38 ET

Summary

• SBA Communications is a major player in the telecommunications tower industry, focusing on owning and leasing towers globally.
• The company has achieved solid growth, with revenue increasing at an annualized rate of 7.7% and the number of telecommunication sites growing by 38.3% in international markets.
• SBA Communications has seen significant growth in Brazil, which has accounted for 48.3% of its international location growth and is a promising market for telecommunications towers.
• The picture could change with earnings, but so long as profits grow, the overall situation remains positive.

Over the past several years now, I have come to really appreciate the telecommunications industry. Not every aspect of it is appealing to me. But one that is involves the ownership and leasing out of telecommunications towers. This checks off all of my major boxes. It's a stable industry with strong cash flows. It's an industry that is all but guaranteed to continue growing, at least for the foreseeable future. It's difficult for new entrants to get into. And it is simple to understand....

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