We’ve written a lot in recent times around our expectations/views towards transitioning portfolios into more defensive assets as the year progresses, and one such stock that caught our eye during the week following a subscriber question was US-listed Crown Castle. CCI is one of the largest providers of communications infrastructure in the US, operating large communication towers, fibre-optic cable networks along with a growing number of small cell wireless sites. This is critical infrastructure for 5G and while the bride will be upset I’m writing this, 5G is the future of telecommunications. This is an example of a long-duration asset with a decade-long pipeline for growth, stable and predictable earnings with upside potential through the ramp-up in 5G investment.
MM likes CCI into weakness
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