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   Technology StocksSBA Communications Corporation (SBAC)


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To: caly who wrote (79)11/12/1999 1:42:00 PM
From: Marty R
   of 100
 
Somewhere it was reported wrong. I got this off CBS marketwatch under Earnings Surprises. I was wondering why this stock got slammed so hard. I'd expected better after I'd read last nights posts this morning before work. I didn't have a chance till noon to research a little more.

Ticker Co Name Time Expected EPS Reported EPS % Surprise

SBAC SBA COMM CORP 07:49 -0.22 -0.28 -27.27

marty

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To: Marty R who wrote (80)11/12/1999 1:58:00 PM
From: caly
   of 100
 
Here's what NASDAQ has to say. Go figure.

Beat estimates by 3 1/2 cents on 2 analysts' estimates.

SBA Communications Corporation
SBAC Nasdaq-NM

Sep 1999 -0.28 -0.315 2

earnings.nasdaq-amex.com

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To: Marty R who wrote (80)11/12/1999 2:01:00 PM
From: richard p. martino
   of 100
 
Marty,

Three analysts' had estimates for SBAC this Q:

-.31, -.32, and -.03

That averages out to -.22 and they came in at -.28. Obviously, the one estimate badly skewed the average. They actually beat the other two estimates by a nice margin. I don't think the sell off had anything to do with "missing" the estimate.

regards,

rpm

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To: richard p. martino who wrote (82)11/12/1999 2:07:00 PM
From: caly
   of 100
 
I think you're right. Probably just ran too hard yesterday.

Any idea who that third analyst was that was so off?

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To: richard p. martino who wrote (82)11/12/1999 2:14:00 PM
From: Marty R
   of 100
 
Thanks to you and calypso for the other estimates. Too bad some either inexperienced or overly optimistic analyst had to blow that call.

As for the sell off what would you attribute it to?

I must admit that I've not kept up with this stock too closely over last couple months. But, at a glance the earnings report looked good up and down.
- Revenue up
- Earnings up
- Cash up
- Per tower earnings up

What are people looking for?

marty

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To: Marty R who wrote (84)11/12/1999 2:18:00 PM
From: caly
   of 100
 
Beats me, Marty, but I'm holding long. I like what I see.

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To: Marty R who wrote (84)11/12/1999 2:25:00 PM
From: richard p. martino
   of 100
 
I thought the report looked great. I've followed SBAC since July. IMHO, this is one of the most manipulated stocks I've seen. The last runup ended with an 8700 share purchase at 13 3/4 at eod. The stock immdiately turned around and went back to the 9's. It just cannot seem to sustain any momentum. Lots of trading. The future, however, looks very bright, again IMHO

Sorry calypso, don't know the analyst who said -.03, but there seems to be a similar odd-ball high estimate for the next Q and the year as well. Actually, it fits in well with my conspiracy mentality ;-)

Good luck,

rpm

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To: caly who wrote (85)11/12/1999 3:40:00 PM
From: richard p. martino
   of 100
 
SBAC: Reports Strong Third Quarter Results Above Expectations
Salomon Smith Barney
Friday, November 12, 1999

--SUMMARY:--SBA Communications Corp.--Broadcasting
* SBAC reported strong 3Q99 results above our expectations: Revenue of
$24.6MM, TCF of $7.7MM, EBITDA of $2.9MM and ATCF loss/sh. of ($0.13) vs.
our estimates of $21.1MM, $7.0MM, $2.3MM and ($0.14).
* Rental revenue and cash flow were $7.1MM and $3.9MM vs. our estimates of
$7.1MM and $3.8MM; Development revenue and CF were $17.5MM and $3.8MM vs.
our estimates of $14.1MM and $3.1MM.
* SBAC added 186 towers in 3Q (108 new builds and 78 acquired).
* Recent agreement to purchase 34 towers from Nucentrix for $7MM is a
prudent use of capital that boosts SBAC's presence in the MidWest.
* SBAC conference call is at 10:00AM on 11/12/99 - # is 1-800-230-1092
* Maintain estimates pending conference call in the morning.
* Maintain 2H (Outperform, High Risk) and $17 price target.

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To: richard p. martino who wrote (87)11/12/1999 4:10:00 PM
From: mike machi
   of 100
 
Still holding 1k @ 14 13/16....

Into my longterm portfolio... Stock should be upgraded..IMO

Mike

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To: caly who wrote (85)11/12/1999 5:47:00 PM
From: byhiselo
   of 100
 
yep, i agree, this company will turn
out to be a great wireless play imo

hadn't really followed SBAC since selling at a loss from
the ipo earlier in the year, bought some yesterday and
added today,

don't see a problem with the profit taking today and dt's
exiting in the morning when it didn't show strength

earnings were great, expenses will come in line

didn't see much institutional buying today but expect
that to change shortly since they were waiting for stability

12 is now the floor, possible short dip into the 11's and then 15+ very doable next week

cheers

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