AlexSecret Since 2011 when the Internal Revenue Service (‘IRS’) agreed to classify cell towers as real property, the REIT sector has mushroomed. American Tower (AMT) was the first public company to convert from a C-Corp to REIT (2011) and later Crown Castle (NYSE:CCI) – in 2014 – and SBA Communications (SBAC) – in 2017 – joined REIT-dom. As you can see below, Crown Castle has underperformed these two peers (since 2017): Yahoo Finance Also, over the last two years, CCI has underperformed: ...

Seagram's 7 Crown knows what's old is new, and great taste is forever. As part of the 'Timeless Taste' campaign, the brand is reimagining some of its best ads from the past that celebrate the longstanding appeal of quintessential pastimes like BBQ, tailgating and more. Throughout the summer and the rest of the year, these spots will roll out across digital and social media to coincide with the seasonality of these key occasions. "We're thrilled to revisit some of our most iconic ads and bring a fresh perspe ...

DKosig If I were tasked to make a list of the top five most valuable or important traits that helped to determine investment success, certainly on that list would be patience. Unfortunately, we live in an era where people expect results immediately. And when they don't get them, they get discouraged and look elsewhere for opportunities. But from my own experience of investing over the last 16 years, patience is very much a virtue that often bears fruit. That is exactly what I think investors in Crown Castle ...

GONZALES, La., June 28, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the fourth quarter and fiscal year 2024, which ended March 31, 2024. Fourth Quarter Summary Net sales of $22.6 million, compared to $21.6 million in the prior-year quarter Gross margin of 23.2% versus 21.9% in the fourth quarter of fiscal 2023 Net income of $1.0 million, or $0.10 per diluted share Declared quarterly dividend of $0.08 per share of Series A common stock Fiscal Year ...

TAMPA, Fla., June 25, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the second quarter ended June 30, 2024 after the close of trading on the New York Stock Exchange on Monday, July 22, 2024. The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Tuesday, July 23, 2024. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be av ...

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Nvidia. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His o ...

GONZALES, La., June 21, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the fourth quarter and full year of fiscal 2024 before the market opens on Friday, June 28, 2024. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Daylight Time on that day to discuss the Company's results and answ ...

Crown88, Asia's Premier Gaming Provider Collaborates with Taiwanese Influencer Avis in Expansion Endeavors June 20, 2024 6:00 AM EDT | Source: 500Newswire, LLC Singapore, Singapore--(Newsfile Corp. - June 20, 2024) - Crown88, a pioneer in the Online Gaming Industry since its inception in 2010, has been steadily broadening its reputable services across multiple Asian territories, including Singapore, Malaysia, Thailand, Vietnam, Myanmar, and most recently, Australia. Now, marking a significant milestone in i ...

文章核心观点 - 公司正面临两名激进投资者的压力,要求出售光纤业务,同时公司也迎来了新任CEO,并进行了大规模重组和裁员 [1][2] - 公司下调了2024财年的业绩指引,表明内部挑战可能比管理层所表述的更为严峻 [1] - 公司正在积极评估光纤业务的未来走向,包括出售整个业务或部分剥离 [2][3][4] - 为应对挑战,公司将减少绿地小型基站的新投资,并裁减3000-5000个新的收入产生型小型基站,这将导致每年1500万美元的租赁收入损失 [5] 公司运营 - 公司新任CEO史蒂文·莫斯科维茨上任,目标是重组公司以应对来自激进投资者的压力 [2] - 公司联合创始人泰德·米勒发起了代理权争夺战,目标是推动公司出售光纤资产,最高可达150亿美元 [2] - 公司正在积极与第三方洽谈出售光纤业务,但尚未最终确定方向 [4] 财务表现 - 光纤业务占公司收入的22%,自2023年第一季度以来一直在下滑 [3] - 为应对挑战,公司将减少对光纤业务的资本投入,2024财年预计将从3.25亿美元降至2.75亿美元 [3] - 公司还将总资本支出减少3亿美元,并预计将实现1亿美元的年度经常性成本节约 [3][6] - 由于与T-Mobile和Sprint合并导致的设备减少,公司2024财年将遭受2亿美元的收入损失,但预计从2025财年开始将恢复正常增长 [7] 行业环境 - 主要电信运营商2024财年的资本支出预计将保持平稳或略有增加,但网络设备供应商预计销售将保持疲软 [9] - 办公空置率上升可能会对公司小型基站业务带来一定挑战,因为这可能导致大都市地区的带宽需求下降 [9] 债务状况 - 公司的净债务/EBITDA比率已升至5.29倍,超出了5倍的目标水平 [10] - 如果公司选择偿还债务而非再融资,可能需要降低股息支付 [11] - 未来公司将面临持续的债务问题,如果不能通过出售光纤业务获得大额现金,可能将陷入债务循环 [12] 估值与股东价值 - 受近期挑战和两名激进投资者的压力影响,公司股价已经下跌19% [13] - 考虑到公司下调业绩指引、债务压力和重组成本,预计股价短期内仍将继续下跌 [14] - 分析师给予公司股票"卖出"评级,目标价83美元,对应12倍2024财年AFFO [14]

文章核心观点 - 公司的业务模式保持健康,应该支持长期增长 [7][8][9][10][11][12][13] - 利率下降可能会推动股价上涨 [14][15][16][17][18] 公司概况 - Crown Castle International (CCI)是美国两大主导的塔式REIT之一,专注于美国市场 [1] - 公司拥有高达6.5%的股息收益率,估值合理,适合收益型投资组合 [2] 公司业务表现 - 过去两年公司股价大幅下跌,主要受两大因素影响 [3] 1) 利率上升,10年期国债收益率从1.5%上升至4.5% [3] 2) T-Mobile收购Sprint,导致公司FFO大幅下降 [3] - 公司业务模式健康,额外收入可通过在现有塔上增加更多技术设备轻松获得 [9] - T-Mobile收购Sprint导致Sprint租约终止,这是一次性事件,未来不太可能再次发生 [10][11] - 公司2022年和2023年业绩受到Sprint租约终止的影响,但2024年及以后应该能恢复5%左右的有机增长 [12][13] 未来前景 - 通胀有望在今年年底前降至美联储2%的目标以下,届时美联储可能会快速降息,这将推动利率敏感股包括CCI的股价上涨 [16][17][18] - 即使利率不降,只要保持现有水平,公司目前的估值也有望带来15%以上的年化收益 [18]