EMT must be freaking out. They should stop monitoring our posts and get to work.
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I don’t know if I should take this seriously because I don’t know if this is the real Bae Jrown or the fake one. He is somewhat making sense so it’s probably the fake Bae but I don’t know……..
@5njg+1nf58mCl It’s about causation and correlation.
Every ticker has taken a beating over the last few years. To isolate a single stock and blame management (who are definitely to blame for every problem CCI has) for the price decline is shortsighted. It’s like you can’t see the forest for the trees.
There is something called a P/E ratio (price to earnings) and that ratio isn’t fixed. Our earnings reports are quarterly... So, then what does it mean when the P/E ratio changes between those moments of financial data being released?? How can the P/E ratio change on no new information? You cannot credit the EMT for price discovery/volatility when they don’t make a peep.
The market moves because of the hedge funds and market makers that decide what trades go to lit exchanges vs dark pools. Their algorithms decide how to coordinate buying and selling in order to maintain collateral and hedge against grass roots retail investors. Even the LME got called out last year for reversing nickel trades when a rich friend lost a bet.
It’s always been the rich vs the poor. The stock prices are fake. ETFs and traditional financial instruments are tools to steal from the poor. Do you think buying the SPY ticker gives you real ownership of any of those companies? Do you know about the DTCC? Do you think the shares in your 401K, IRA, or regular brokerage account are in your name!?!? Direct registration with the transfer agent is the only way to own shares. Thanks for coming to my Ted talk.
NOT FINANCIAL ADVICE.
@6kfq+1nf58mCl, it’s easy to meet guidance with creative accounting.
True but the decision to buy fiber assets and to go all in on small cells was made years ago before intrested rates skyrocketed. Promoting book lickers, buying machines, over paying contractors has nothing to do with the stock price. Revenue & earnings have grown YOY and Crown has met wall streets guidance time after time.
Understood. But why does Crown have a high debt load? Did they take out those loans for fun? Or did they borrow so much to get into a fiber business they had no business getting into? Could they have borrowed less if they made decisions that would help us cut costs? All roads to business success, stock price or otherwise, lead back to running a smart organization. Our EMT has not done that.
Points taking, but none of those decsions correlate to a declining stock price. Crown is a REIT and institional investors depend on the cash dividend and dont look at Crown for equity appreciation. Crown is some what leveraged with a high debt load and is interested rate adverse. The stock yields 5.6% with a lot of risk the institutional invest would rather buy treasury Bill's that pay 5.3% with out such risk. Hence the decline in stock price
@Bae, the EMT can control company performance and metrics which in turn contribute to the performance of the stock price.
If I remember correctly back around 2018, DS said his ten year goal was to double the stock price. I can’t remember the price target, but if the stock was between 88-104, he only succeeded in the short term. He probably saw a bubble coming and spoke nonsense while riding the wave.
Just like the POTUS, the EMT doesn’t have crazy amounts of power. They don’t have enough power to control their price in the stock market. The market is controlled by much bigger forces.
Hmmmmm....What decisions have the EMT & Senior Leadership made that have contributed to the decline of the stock price....
- They told Wall Street we can build 10k small cell nodes this year when we've never done that before and they know it can't be done.
- They spend money on micro trench machines that we can't monetize because we can't find people who know how to run them right.
- They give our GC's carte blanche to over bill us for the same work that our competitors pay half the price for.
- They promote incompetent boot lickers who drive away talented professionals that can make Crown more competitive in the industry.
Should I keep going?
Ok. Crown Castle Inc (CCI) stock is down -2.6% while the S&P 500 is up 0.14% as of 12:42 PM on Thursday, Jun 22. CCI is down -$2.92 from the previous closing price of $112.14 on volume of 3,006,310 shares. Over the past year the S&P 500 is up 16.27% while CCI is down -35.02%.
Lets look at this critically. What decisions have the EMT & Senior Leadership made that have contributed to the decline of the stock price and how much of it is the current market conditions ?
Funny that folks dislike the post. It is a fact. The stock has tanked under this leadership team.
They don’t care. They’ll claim they planned this and tell everybody there’s nothing to worry about.