SBA Communications Corp Class A
SBAC: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$386.00 | Txcrd | Vqcvhwy |
SBA Is Fortifying Its Financial Position While Maintaining a Tower Portfolio for Long-Term Success
Business Strategy and Outlook
SBA Communications focuses exclusively on towers and has some geographic diversification. We like that it’s now taking a more measured approach to financial leverage and, in our view, a better approach to capital allocation. We like its business and think it will continue to grow at a decent clip without requiring much incremental investment for organic growth.