SBA Communications Corp Class A
SBAC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $739.00 | Ckqcpcx | Kqyfnkttf |
SBA Is Fortifying Its Financial Position While Maintaining a Tower Portfolio for Long-Term Success
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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.