Don't Disconnect From Tower Operators

Investors often go into "freak out" mode. They panic for no reason. If you take a look at cellular tower operators American Tower (AMT) and Crown Castle International (CCI), you'll notice that in early May investors dumped the group on concerns that growth was slowing. But I think the major telecom carriers will keep spending and keep the tower operators growing.

In early May, Barclay's initiated coverage on the wireless tower operators and caused a stir by raising the prospect that carriers' capital expenditures (capex) were slowing. That caused investors to dump the stocks. But I think the wireless carriers are increasing spending on so-called small-cell deployments. In fact, I think small-cell development will accelerate during the second half of 2013 and the first part of 2014....265 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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