American Tower (AMT)<\/p>\n
Company leases antenna space on cell carriers and is a beneficiary of wireless firms efforts to improve service. Sales should be up 20% and net income up 46% in 2014. Trades at 18x next year’s AFFO. Yield is 1.5%. AMT was subject to a bearish report by Muddy Waters in July.<\/p>\n
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Ambac (AMBC)<\/p>\n
Improving markets should help it pay back insurance claims with about $1.6b remaining. Market value is $1.1b. Price = $21 and could advance 50% or more in a year or so. This is speculative and it insures $2.5b of Puerto Rican debt.<\/p>\n
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PVH – shares can rise 20% or more next year.<\/p>\n
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A.M Castle (CAS)\u00a0– small cap $13.64. Will lose money this year. Has an activist investor. Jeffries see the business improving and a $20 price target.<\/p>\n
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Closed-end funds are selling at historic discounts. Current discounts provide a margin of safety against rising rates. Muni’s offer some good opportunity.<\/p>\n
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American Tower (AMT) Company leases antenna space on cell carriers and is a beneficiary of wireless firms efforts to improve service. Sales should be up 20% and net income up 46% in 2014. Trades at 18x next year’s AFFO. Yield … Continue reading