At the Robin Hood Investors Conference, hedge fund Corvex Management wants CCI to
a) increase the dividend payout ratio or
b) Lever up "to 6x", then buy Verizon towers. CCI presents an "80% AFFO Payout Scenario (1.20x Coverage) or "90% AFFO Payout Scenario (1.10x Coverage)".
Aren't wireless towers operators inherent with technology risk ?
Opinions ?
Robin Hood Investors Conference presentation:
http://www.corvexccipresentation.com/wp-content/uploads/2014/10/Keith-M…
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