Insiders Picking Up Global Signal

The column was originally published on RealMoney on June 8 at 10:35 a.m. EDT.

My recent tech investments are treating me very well during this strong rally, although I expect the rally to be short-lived. And even though the energy plays I left behind have also firmed recently with the oil futures, it has been a profitable rotation.

Looking to beef up my tech holdings even more, I've taken to Global Signal(GSL Quote). It's a story that combines the growing wireless industry with the comfort of a decent indicated yield.

Global Signal is the third-largest wireless communications tower company in the U.S. after its recently closed transaction with Sprint(FON Quote). It now owns, leases or manages around 11,000 towers primarily in the U.S. -- 6,600 of which come from the Sprint deal -- and over 60% of the company's towers are now located in the top 50 geographic regions, as indicated by the size of the basic trading areas they occupy. ...