American Tower Corporation (AMT) stock has been rising for the last three years. Three years ago it was $20.92 and today it is $58 .15. There have been a few ups and downs along the way but relative to market volatility, nothing drastic. In fact, the stock essentially continued to rise even though the market was moving in high volatility. The SMA 200 graph shows a steady but slow upward climb since July 2010. The SME 30 also shows a steady climb since August.
Net income from continuing operations increased significantly during 2010. The net operating income rose significantly in2011. However, there has been tremendous increase in “other expenses” of $145 million during the third quarter of 2011 which created a net loss of $15 million for that quarter. American Tower recently announced that it would be buying 2,500 telephone towers at $500 million to grow its business. That would indicate that they are confident about the future. For more information see what Karvy Global at The Street writes about AMT.
For an opposing opinion see what Seeking Alpha says.
Some of the managers of American Tower Corp are Edmund Disanto, Amit Sharma, James Taiclet and Hal Hess.
Disclaimer: The information in this article may be insufficient to base investment decisions upon. Before making each investment, the investment should be thoroughly analyzed.