Communications tower owner American Tower (NYSE:AMT) knows well what many landlords have long realized; it is a great business to own a valuable asset that your customers can't build for themselves, but must have in order to stay in business. Better still, not only is there still growth potential in the U.S., from higher occupancy, more towers and higher prices, but even greater potential overseas.
A Fairly Good Third Quarter
There are no complaints with the top line numbers that American Tower reported. Revenue rose almost 23% to $630 million, surpassing the average analyst estimate and matching the high end of the range. While overseas growth was eye-popping at 79% year-on-year, domestic growth of 9% is pretty good, in its own right, considering how mature the U.S. mobile phone market is.
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http://stocks.investopedia.com/stock-analysis/2011/American-Tower-Still-Great-And-Still-Expensive-AMT-VOD-SBAC-VZ-T-S-CCI-TEF-FTE-CHL1102.aspx
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