Crown Castle: There Are Many Positives Beyond The Sprint Churn

In the meantime, the stock was trading at an implied cap rate of 6.9%, about 200 bps above 10-year treasury yields, which I concluded had the potential of resulting in double-digit upside on top of the already high dividends. Even under conservative assumptions of no growth beyond 2025, my bear case yielded a positive RoR. Therefore, I concluded that CCI was a BUY at $95 per share. Since that article, I must admit, CCI's performance has been underwhelming with an RoR of 4% compared to 24% of the S&P 500 (SP ...