SBA Communications (SBAC) Stock May Be Reasonable Despite Cash Flow Upside

SBA Communications has seen its share price slide in recent years, which puts a spotlight on a simpler question for investors today. Is the current US$170.01 price in line with the cash flows this tower operator is expected to produce over time, based on a Discounted Cash Flow (DCF) view of its business? The stock has fallen 43.4% over the past 5 years, which raises the issue of whether the market is reassessing what its long term cash generation is worth. SBA Communications runs a capital...