American Tower: Still A Great Prospect If You're Willing To Pay The Price

Sep. 10, 2022 7:03 AM ETAmerican Tower Corporation (AMT)CCI, DLR, EQIX, IRM, SBAC, VZ2 Comments

Summary

  • American Tower continues to boast strong financial performance, driven largely by acquisitions and continued site development.
  • Shares are not exactly cheap, irrespective of whether you look at them through the lens of an absolute value or compare them to similar firms.
  • But for investors who want a high-quality player in this space, American Tower is a solid prospect to consider.
  • Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More »

Landscape with cell phone communication tower

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As a value investor, I tend to stay away from companies that are trading at lofty multiples, especially if those companies are not exhibiting tremendous organic growth. Growth by means of acquisition can be appealing under the right circumstances, but

Historical Financials

Author - SEC EDGAR Data

Historical Financials

Author - SEC EDGAR Data

Trading Multiples

Author - SEC EDGAR Data

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This article was written by

Daniel Jones profile picture
25.31K Followers
Robust cash flow analyses of oil and gas companies

Daniel is currently the manager of Avaring Capital Advisors, LLC, a registered investment advisor that oversees one hedge fund, and he runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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