Jim Cramer Says Crown Castle’s “Business Model is Not a Sound One”
Crown Castle Inc. (NYSE:CCI) is one of the stocks that Jim Cramer expressed thoughts on. An investing club member questioned why the company is struggling despite the growing demand for expanded cell phone coverage. In response, Cramer said: “Well, because they actually have… Look, first of all, the yield’s not as good as we think, but second, they’ve built in a lot of urban places that aren’t really working… Their business model is not a sound one.” Crown Castle Inc. (NYSE:CCI) owns and leases a natio ...