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Holly LaFon
Holly LaFon
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Baron Funds Comments on SBA Communications

August 23, 2012 | About:

From Baron Funds' second-quarter letter:

Shares of SBA Communications Corp. (NASDAQ:SBAC), an owner of wireless towers, performed well during the quarter, as wireless demand remained strong, and carriers began to show signs of activity in planning and building 4G networks. U.S. carriers continued to see insatiable consumer demand for their data networks, and carriers are quickly running out of available wireless spectrum. In addition, SBA has begun reporting earnings metrics consistent with REITs, and its shares are being valued akin to other REIT stocks.


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