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  "documentTitle": "American Tower (AMT)",
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  "authorName": "Carson C. Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2013-07-17 00:00:00",
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      "text": "The material overpayment for the Brazil assets relative to their profitability and risks lead us to believe that AMT should be forced to impair its intangible assets and/or goodwill by US$274 million, or 28% of the combined amounts paid for acquisitions.",
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      "text": "As a result of the above, we performed a calculation to assess ATL's investments in the country. We estimate that AMT has made acquisitions totaling US$988 million and those investments are now worth US$713 million.",
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