Crown Castle Inc. CCI has grabbed headlines in recent months. According to market sources, the buyout firm TPG is said to be in advanced talks about buying the fiber unit of the tower operator for about $8 billion.
Crown (CCK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Crown Castle is considering selling its fiber business to TPG for $8B, potentially unlocking value by focusing on its core tower segment. The company's dividend yield is high but likely unsustainable, with a potential cut if the fiber segment sale proceeds, impacting future payouts. Crown Castle's balance sheet is strained, with high leverage and rising interest payments, making debt reduction crucial if the fiber sale happens.
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CCI's large portfolio of towers is poised to benefit from the rising wireless connectivity use. Yet, customer concentration and high interest expenses ail.
WYNN expands its global footprint with the acquisition of Crown London, enhancing the company's reach in Europe.
Letter of Intent signed with Crown Proptech to list Mkango's Songwe Hill and Pulawy Rare Earths Projects on NASDAQ via a SPAC Merger CALGARY, AB AND LONDON, UK / ACCESSWIRE / January 8, 2025 / Mkango Resources Ltd (AIM:MKA)(TSXV:MKA) ("Mkango"), pursuant to the strategic review for the Songwe Hill Rare Earth project in Malawi ("Songwe") and the Pulawy Rare Earth Separation Plant in Poland ("Pulawy"), is pleased to announce that Mkango's wholly owned subsidiaries, Lancaster Exploration Limited ("Lancaster") and Mkango Polska Sp. Z.o.o (collectively, the "Company"), have signed a non-binding letter of intent ("LOI") for a proposed business combination transaction (the "Transaction") with Crown PropTech Acquisitions ("CPTK"), a Cayman Islands exempted company (OTC: CPTK).
I started a position in Crown Castle Inc. (CCI) due to its undervaluation, high dividend yield of 7%, and strong business model with significant barriers to entry. Despite a 57.24% decline from its all-time highs, CCI's current valuation metrics, including FFO and EBITDA multiples, indicate it trades at a discount compared to peers. Management's strategic review, including potential fiber business sale and financial discipline, positions CCI for a turnaround and capital appreciation in 2025.
Crown Castle, a leading communications infrastructure REIT, has lagged behind the sector and broader markets over the past year. This underperformance has persisted despite strong fundamentals, including rising data usage and increasing demand for network infrastructure. The stock is trading near its lows, offering an attractive dividend yield of almost 7%.
Amid rising wireless connectivity usage, CCI's efforts to augment its tower business, as well as fiber and small cells, bode well.
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