Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, December 18, 2015

Article Excerpt

PLEASE NOTE: This is our last Hotline for 2015. Our next Hotline will go out on Friday, January 8, 2016. ATLANTIC TELE-NETWORK, $76.27, symbol ATNI on Nasdaq, owns wireless and wireline (traditional telephone and Internet) operations in the U.S. Southwest, New England, New York State, Guyana, Bermuda and parts of the Caribbean islands. The company continues to increase its wireless capacity and coverage. That’s paying off as customers use more mobile data for services like music downloads, mobile gaming and e-books. Earlier this year, Atlantic entered the solar energy market by acquiring 28 solar farms in Massachusetts, California and New Jersey. The company paid $103 million for these assets ($64 million in cash and the assumption of $39 million of debt). As well, in October 2015, Atlantic expanded further in the Caribbean, agreeing to pay $145 million for the Innovative group of companies, which operate cable TV, Internet and land-line services, primarily in the U.S. Virgin Islands and St. Maarten. Even after these…