American Tower CEO On Fast Money (AMT)
Jim Taiclet, CEO of American Tower (NYSE: AMT), appeared on Fast Money tonight. Mr. Taiclet talked a little bit about his acquisition strategy for 2010 and what he plans on doing with the excess cash his company is generating. American Tower (AMT) shares have been a hedge fund favorite as a way to play the mobile internet phenomenon.
Gary Kaminsky phoned in and said that he really likes the company and noted that he used to own over 10 million shares for his clients when he managed money at Neuberger Berman. AMT is currently trading at $43.15 and has gained 1.24% in the after hours.
American Tower Corporation is a wireless and broadcast communications infrastructure company with a portfolio of over 23,700 communications sites, including wireless communications towers, broadcast communications towers and distributed antenna system networks.
