CMP: $75

American Tower Corp. is a real estate investment trust that owns, operates, and develops wireless communications and broadcast towers in the United States. The Company leases antennae sites on multi-tenant towers for a diverse range of wireless communications industries, including personal communications services, paging, and cellular.

American Tower Corp is nearly a $30 Billion market cap company trading at a P/E of 42. Revenues have risen from $1.72 Billion to $2.44 Billion in the last 2 years. Profits have risen from $246 Million to $396 Million in the last 2 years. Profit margins have risen from 14% to 16% in the last 2 years. It looks to be a decent bet.