According to MarketWatch, Crown Castle might be the best Game of Thrones (GoT) stock to own.
Why? MarketWatch analyst Michael Brush cited the show as being a, “data pig clogging up the internet.” GoT fans (17 million viewers strong) are still buzzing about “The Long Night” Battle of Winterfell and it’s blurry and dark imagery which flooded social media outlets.
The GoT cinematographer blamed it on HBO’s signal compression, but the network content provider said the culprit was strained internet infrastructure.
Therefore, in Brush’s estimate, any company that can provide more capacity for gamers, viewers, bloggers, tweeters and facebookers is a positive for the show. Crown Castle CEO Jay Brown said he expects to nearly double the number of small cells deployed in 2019 compared with 2018.
Brush went on to give some more conventional reasons for his choice of Crown.
One is the insider buying trend of corporate directors, always a strong “buy” indicator. He noted purchases by Crown execs of upwards of $2 million of their own stock since November 2018.
If “winter is coming” for stock investors in the form of a recession-induced bear market, Crown Castle stock may help prepare for the deep freeze ahead. Crown is a relatively safe and stable bet for investors, according to Brush. Site rental revenue from the big four telecoms accounts for nearly 90 percent of Crown Castle’s revenue. With long-term recurring revenue contracts from the likes of AT&T, T-Mobile, Verizon, and Sprint, investors can breathe a little easier about the future of the company, he said.
May 21, 2019