SBA Communications Corp Class A
SBAC: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$259.00 | Dhhqh | Xwftzph |
SBA’s U.S. Business Remains Strong as It Also Pursues More International Opportunities
Business Strategy and Outlook
SBA focuses exclusively on towers and has some geographic diversification, but we think its strategy to use financial leverage so aggressively provides unnecessary risk and ultimately keeps it from deepening it presence in several of its developing markets. That said, we like its business and think it will continue to grow at a fast clip, albeit not to the same extent as rival American Tower.