There are several reasons why MINI could be attractive to growth investors, including its expected long-term earnings growth of 14%, its strong market leadership position, geographic expansion opportunities and its focus on the core portable storage leasing business with predictable recurring revenue and high margins.
Its 3% yield may put off some income-hungry investors, but Kilroy has shown it can grow even in a weak economy and has good strategic focus, with a dominant position in its geographic centers.
While there are limitations in using higher bandwidth spectrum in terms of penetrating buildings and covering large geographic areas, Clearwire controls a bigger spectrum position that almost any U.S. company.