American Tower (NYSE:AMT) isn’t a massive company like AT&T (NYSE:T) or Verizon (NYSE:VZ), but that allows the company to stay lean and operate in a more focused manner. This wireless and broadcast networking company owns and operates communications towers that other media and telecom stocks can lease.
It’s a nice gig to be the middle man, since that allows AMT to generate almost twice the revenue per employee that the behemoths in the space do.
Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at firstname.lastname@example.org or follow him on Twitter via @JeffReevesIP. As of this writing, he held a long position in Apple but no other stocks named here.