Here's the stock play boosted by 'Game of Thrones' bandwidth hogs
When the long-awaited Battle of Winterfell in “The Long Night” episode of “Game of Thrones” got rolling on HBO a few weeks ago, social media lit up with complaints about blurry and dark imagery.
Director Martin Landis just bought over $2.2 million worth of stock at a little over $123 a share, not too far below where it trades now. Last November, two other directors bought about $700,000 worth at $106 per share, and Landis put another $1 million into the stock last August at $110 per share. “Think about the towers as overhead lighting inside of the building and small cells as lamps, where you’re focusing light in a particular area,” Crown Castle CEO Jay Brown explained in the company’s first-quarter earnings call. Small cells off-load traffic from towers to keep the gear on towers running at its best.
Brown puts current annual data demand growth at 30%-40%. He thinks that growth will increase as 5G rolls out and more devices like appliances and cars are connected, in the internet of things. That dampens volatility in Crown Castle shares, and makes the company a fairly safe and stable way to play a big trend without all of the sickening volatility that can hit you in tech stocks.
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