Bank of America Reiterates Buy Rating on American Tower


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


According to Bank of America, American Tower (NYSE: AMT) Buy rating is reiterated.Bank of America said that American Tower remains a top pick within our sector heading into 2012 driven by the twin forces of 1) an improving fundamental outlook for network spending as carriers chase ever-rising data demand and 2) incremental stock demand emerging among REIT investors now that it has formally transitioned to a REIT. “In total, among the top 50 owners of the top 5 REITS (which own 46% of all this market cap), were AMT to be held proportionally, we see $4.8 billion of potential demand relative to a market cap of $21.2 billion as of 9/30/11, or 23%.”American Tower closed yesterday at $61.31.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: Analyst ColorReiterationAnalyst RatingsBank of America Merrill Lynch