Even blue-chip stocks can be bad investments.
Take American Tower Corp. (NYSE: AMT) as
an example. It is the world's largest independent operator of wireless
and broadcast communication sites, and is looking at an onerous,
possibly unmanageable debt load.
The company may seem bulletproof, operating roughly 70,000 wireless cell tower sites across the globe.
Financial results have been superb, with revenues more than doubling
since 2009 to $4.1 billion. The firm's stock delivered a
market-trouncing 17% rate of return during the past five years. (more)
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