CCI

Crown Castle International Corp.

TMT


Presented:04/24/2013
Price:$74.88
Cap:$21.80B
Current Price:$114.30
Cap:$49.67B

Presented

Date04/24/2013
Price$74.88
Market Cap$21.80B
Ent Value$32.96B
P/E Ratio70.35x
Book Value$20.20
Div Yield3.83%
Shares O/S0.00M
Ave Daily Vol2,060,000
Short Int1.12%

Current

Price$114.30
Market Cap$49.67B
Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. The company’s wireless infrastructure includes towers and other structures, such as rooftops; and distributed antenna systems (DAS) networks. It is involved in the rental of space or physical capacity on its towers, DAS, and third party land interests to wireless communications companies. The company also provides network services relating to its wireless infrastructure, primarily consisting of antenna installations and subsequent augmentation services, as well as additional site development services relating to existing and new antenna installations on its wireless infrastructure, such as site acquisition, architectural and engineering, zoning and permitting, fiber installation, other construction, and other services related network development. As of December 31, 2012, it owned, leased, or managed approximately 31,500 towers. Crown Castle International Corp. was founded in 1994 and is headquartered in Houston, Texas.

Highlights

The presenter has been involved in CCI in the past, and believes the current environment (at the time of the presentation, CCI shares were only up ~2% year-to-date) offers a good opportunity for investors to look at establishing a long position in the company’s shares again. The timing of the play contradicts two concerns Street analysts have with the company (i.e., growth is slowing and M&A risk in the wireless space), and is driven by his belief spending on wireless infrastructure will increase following the completion of the LTE overlay.

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Idea Discussion

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