Hold off on these two for now

Article Excerpt

ATLANTIC TELE-NETWORK $58.24 (Nasdaq symbol ATNI; TSINetwork Rating: Speculative) (340-777-8000; www.atni.com; Shares outstanding: 15.9 million; Market cap: $929.5 million; Yield: 1.8%) closed the sale of its Alltel wireless business to AT&T (symbol T on New York) late last year. As a result, 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 bought Alltel from Verizon Wireless for just $223 million in April 2010. Atlantic now has wireless and wireline telecom operations in the U.S. Southwest, New England, New York State, Guyana, Bermuda and parts of the Caribbean islands. Upgrades lead to higher profits The company continues to focus on upgrading its wireless capacity, cellular coverage and technology. That’s paying off as customers use more mobile data for profitable services like music downloads, mobile gaming and e-books. In the three months ended June 30, 2014, Atlantic reported revenue of $83.3 million, up 16.3% from $71.6 million a year earlier. Excluding one-time items, earnings…