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Portfolio No 10. 

Crown Castle International Corp (CCI) is an all US infrastructure company critical to the currant and next generation of communications. CCI operates more than 40,000 cell towers connecting cities and towns across the nation. They have met or bettered estimates in each of the last 4 quarters, are central to 5G, have no involvement with China or Mexico and enjoy strong margins. CCI has returned 33% over the last 12 months, is experiencing strong insider buying and has a dividend around 3.5% and growing. Rated A1 by Bank of America, 13 out of 20 analysts rate in a Strong Buy  or Buy, the rest a Hold. The current P/E is rich at 85, forward P/E is 22 and reflects the strong expectations. I bought CCI in early February at $118. It is currently $135.

James is an advisor to the King Group Wealth Management Team at Merrill Lynch.