SBA Communications Corp Class A
SBAC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $466.00 | Gfpnj | Fcjtygsq |
SBA Is Well Positioned in the U.S. and Has the Potential to Boost Growth in International Markets
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Business Strategy and Outlook
SBA focuses exclusively on towers and has some geographic diversification, but we think its strategy to use very high financial leverage for stock buyback purposes provides unnecessary risk and ultimately keeps it from deepening its 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.