American Tower Is a Great Business. Here's Why I Don't Own the Stock.
I have built my portfolio from the bottom up, by first trying to find attractive companies and then worrying about how they fit into the bigger picture. But now that I've got a couple dozen investments, new stocks have to compete with old holdings for cash. I like American Tower (NYSE: AMT) and have considered buying it multiple times, but each time I look at it, I end up at the same conclusion: I like what I already own more. Here's why I think American Tower is a great business but still haven't bought the stock.
I had a rotary phone growing up. Some people won't even know what that is. It was a huge upgrade when my family bought its first cordless phone (not cellular, just cordless). For me, the idea that we can carry a phone in our pockets and make calls with wristwatches is the stuff of Dick Tracy comics. But it is very clear that the future will increasingly be mobile.
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Source Fool.com
