American Tower (AMT) Stock Could Be 41% Undervalued On Cash Flow

American Tower has seen its share price under pressure over the past few years, and that slide now puts a spotlight on whether the current US$174.60 level is still supported by the cash it generates. For a business built on long term tower leases and recurring payments, the core issue is how well those cash flows stack up against what the stock market is asking you to pay today. Over the past 5 years the stock has fallen 25.9%, which puts investors squarely in the zone of asking if the...