Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, August 1, 2014

Article Excerpt

ATLANTIC TELE-NETWORK, $58.88, symbol ATNI on Nasdaq, jumped over 8% this week after reporting stronger quarterly results. In the three months ended June 30, 2014, Atlantic’s revenue rose 16.3%, to $83.3 million from $71.6 million a year earlier. Excluding one-time items, earnings jumped to $11.5 million, or $0.72 a share, from $6.4 million, or $0.40. Atlantic closed the sale of its Alltel wireless business to AT&T (symbol T on New York) late last year. It now holds cash of $407.6 million, or $24.64 a share, and has paid off its $271.1 million of debt. The company could use its high cash balance to make acquisitions or expand its remaining operations. It could also raise its dividend or pay special dividends. Meanwhile, the stock trades at a high 28.0 times the $2.10 a share that Atlantic is forecast to earn this year. It yields 1.8%. Atlantic Tele-Network is a hold. Atlantic Tele-Network was recently covered in the Stock Pickers Digest Hotline for May 2, 2014. Click…