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Four horsemen of Obama’s second term: Europe, Inflation, Exports, "Cliff"
Was interested to see a recommendation in your article for possible investment in communications tower owners, as "There are relatively few of them, and they get paid in part on a metered basis, so they are neutral parties that are prime beneficiaries of the explosion in mobile communications."
This is a great example of a superficial and glib assumption on the part of financial "experts" who wouldn't know a tower from a transistor. Yes, there are relatively few companies in the tower business- mostly because historically it's not particularly lucrative.
First, there is a difference in types of towers. Tower companies have long had a lock on almost all useable "high-level" sites, as on the top of tall buildings or mountains. These locations are great for broadcast media, but as a general rule these are not good sites for cellphone or other portable device operations. That type of communications depends upon many low-power / low-level type towers, as the idea is to keep dividing cells into smaller geographical areas as user demand increases. This is why there is always such a fight to acquire new transmission frequencies for this type of service- as you subdivide the cell structure you need additional frequencies for the adjoining cells so that there is minimal interference between cells.
During the world-series broadcasts there was a perfectly awful commercial that ran about 200 times showing a wonderful young woman roaring across the country on a motorcycle, passing small cellphone towers everywhere that she went. That is actually a factual representation of how that technology works- lots of small towers- actually nothing more than large poles really, covering a relatively small area. No communications tower companies here... sorry about that.
Comments
From a related article:
"Bottom line: Expect the market to continue its bromance with Obama in a second term, but buy into it opportunistically when panic is in the air."
Where to put your money now that Obama has won:
Markets and Obama Second Term
Was interested to see a recommendation in your article for possible investment in communications tower owners, as "There are relatively few of them, and they get paid in part on a metered basis, so they are neutral parties that are prime beneficiaries of the explosion in mobile communications."
This is a great example of a superficial and glib assumption on the part of financial "experts" who wouldn't know a tower from a transistor. Yes, there are relatively few companies in the tower business- mostly because historically it's not particularly lucrative.
First, there is a difference in types of towers. Tower companies have long had a lock on almost all useable "high-level" sites, as on the top of tall buildings or mountains. These locations are great for broadcast media, but as a general rule these are not good sites for cellphone or other portable device operations. That type of communications depends upon many low-power / low-level type towers, as the idea is to keep dividing cells into smaller geographical areas as user demand increases. This is why there is always such a fight to acquire new transmission frequencies for this type of service- as you subdivide the cell structure you need additional frequencies for the adjoining cells so that there is minimal interference between cells.
During the world-series broadcasts there was a perfectly awful commercial that ran about 200 times showing a wonderful young woman roaring across the country on a motorcycle, passing small cellphone towers everywhere that she went. That is actually a factual representation of how that technology works- lots of small towers- actually nothing more than large poles really, covering a relatively small area. No communications tower companies here... sorry about that.